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In Asia polystyrene resin prices have fallen this week

June 07/2011

(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.


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