Spot homo PP prices in Italy moved above GPPS in the month of July right before players were sidelined for summer holidays as can be seen on ChemOrbis Price Wizard. This was the first time GPPS lost iits premium and even traded at a discount compared to homo PP prices since the beginning of 2008, mainly due to a steadily decreasing trend starting from mid-April to end-July as a result of the consecutive falls registered in monthly styrene contract settlements, which was also contributed to by the ongoing sluggishness of demand.
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Sunday, September 19, 2010
Soaring polystyrene prices regain premium over PP in Italy
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