Thursday, November 22, 2007


GPPS prices stagnated at US$1480/MT in Asia in the week of November 19, 2007, on slow market movement as the Chinese buyers adopted a wait and watch policy. Buyers from China prefered to exercise caution as domestic demand is maintained at weaker levels. However, increasing gains in feedstock styrene monomer prices is anticipated to trigger a rise in supplier offers. Demand in China is anticipated to elevate in the month of December, just before the advent of the Lunar New Year holidays.

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