|
(ICIS) -- Asia polystyrene (PS) resin
prices have fallen this week amid persistently poor demand and lower feedstock
prices, said producers and traders on Tuesday. However, some suppliers said they
are expecting the emergence of some buying interest in late June, ahead of the
Chinese manufacturing season for exports in the third quarter of the
year.
Prices of general purpose PS (GPPS) slipped to around USD 1.520/tonne CFR
(cost & freight) China on 7 June, down from USD 1.610/tonne CFR China a
month ago, market sources said.
Prices of high impact PS (HIPS) also declined, down to USD 1.750/tonne
CFR China this week from above USD 1.800/tonne CFR China a month ago, the
sources added.
Weaker prices of feedstock styrene monomer (SM), which slipped below USD
1.400/tonne CFR China this week from USD 1.450/tonne CFR China a month ago,
weighed on the PS market.
mrcplast.com
| 
