GPPS

GPPS prices in Asia stagnated at US$1410/MT in the week of February 11, 2008 due to lackluster demand from China on account of the Lunar New Year holidays. Buying continues to be limited, as traders await restocking of very low levels of inventory caused by obstacles in the transport and delivery system on account of unusually heavy snowfall last week. Restricted supplies due to persistent bad weather in some parts may not affect prices unless current subdued demand picks up dramatically.