Oct 07: Falling Styrene price in Asia triggered expectation among market participants in India of prospect of PS prices declining in the coming days. Several buyers as well as traders in the country, with whom their sentiments were discussed, said that they expected PS prices to decline as price of the principal feedstock--Styrene--had been going down in Asia. Traders in the major markets in the country saw sluggish demand conditions for GPPS and HIPS as most buyers seem to postpone their purchases in the prospect of an imminent price fall.
Describing the prevailing market conditions, a trader in the Mumbai market told Indianpetrochem," Demand for GPPS and HIPS is lackluster in the market, and many buyers seem to expect prices of the polymers to fall in the coming days."
A Delhi-based HIPS item manufacturer said that he experienced weak demand for his end-products.
Styrene price in South Korea--a key market in Asia--was reported to move down continuously during the preceding days. On October 4, 2013, Styrene price in the South Korean region was reported at $1,714.50 per metric tonne FOB, which was lower than the price reported on September 27, 2013, at $1,755.50 per metric tonne FOB.
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Describing the prevailing market conditions, a trader in the Mumbai market told Indianpetrochem," Demand for GPPS and HIPS is lackluster in the market, and many buyers seem to expect prices of the polymers to fall in the coming days."
A Delhi-based HIPS item manufacturer said that he experienced weak demand for his end-products.
Styrene price in South Korea--a key market in Asia--was reported to move down continuously during the preceding days. On October 4, 2013, Styrene price in the South Korean region was reported at $1,714.50 per metric tonne FOB, which was lower than the price reported on September 27, 2013, at $1,755.50 per metric tonne FOB.
For more details click here>>
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