GPPS

Robust crude oil, naphtha and feedstock Styrene Monomer values have exerted pressures on the price of polystyrene. GPPS prices rose to US$1440/MT in Asia in the week of February 25, 2008. As the market awaits March offers from some producers from the Far East who have indicated a hike, mainstream offers from South Korea and Taiwan are already being quoted at US$1470/MT levels. However, buying interest from China seems to be pegged at lower values.