Wednesday, October 31, 2007


GPPS markets remained dull and stabilized at last weeks level of US$1465/MT in Asia in the week of October 29, 2007. Seller offers remained unchanged at last weeks level amid subdued demand from China. Infact, further lowering of buying intention is expected from China as buyers keep in the sideline. However, a further dip in prices does not seem to be on the cards as sellers find it unfeasible to lower offers due to squeezed production margins.

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