GPPS

Restrained buyer demand has kept GPPS prices at a lower level of US$1410/MT in Asia in the week of January 7, 2008. The market lacked movement as most players continued to be away on account of the New Year. Buying intentions were almost thirty dollars lower than current sellers' offers. GPPS prices are expected to have an unoptimistic/pessimistic outlook on uncertainty of improving demand from China on the eve of the Chinese Lunar New Year Holiday.