Saturday, July 10, 2010

Lower feedstock, lackluster demand pull down polystyrene spot prices in Asia, further declines expected

Spot PS prices continued to move lower this week in Asia triggered by lower feedstock costs and lackluster demand, as per Chemorbis. Demand for end products is not expected to pick up in the short terrm by processors at a time when the newer styrene capacities in China are exerting a continuous downward pressure on styrene prices.

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