GPPS

GPPS prices in Asia stagnated at last weeks' levels of US$1480/MT in the week of November 12, 2007. Lackluster market sentiments abetted the subdued market movements and low key transactions, as many Chinese buyers preferred to keep on the sideline, in the face of subdued downstream demand. A slack in the global IT sector has resulted in subdued demand for final products, rendering processors to run their factories at reduced rates. Buying intentions are being pegged atleast twenty dollars lower than sellers' offers.