Thursday, January 14, 2010

Higher upstream costs lead to additional hikes in PS prices, globally making buyers nervous

Higher upstream costs and globally firm styrene markets have led to additional hikes in price of polystyrene (PS) over December levels, as per Chemorbis. December saw PS prices in Asia persistently laagging behind production costs when spot styrene prices rose by over US$150/ton since early December, and by more than US $250/ton in Europe.

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