Asian Polystyrene Rises to $10-$40/mt due to a surge of
feedstock■ Asian Styrene Rises to $103-130/mt in Week■ Slow demand lags downstream increase





Asian polystyrene rose $10-40/mt during the
week to June 8. This was due to firmer feedstock styrene, while China's demand
remained low because of low buying interest. General-purpose
polystyrene (or GPPS) rose $30-35/mt to $1,490-1,520/mt China and $1.570-2.500/mt
SEA on June 8. This was due to an uptrend in China's domestic market.
Discussions were held Yuan 400-450/mt higher at Yuan 11,300-11.400/mt or
$1,409-1,422/mt based on import parity. High-impact
polystyrene climbed $10-15/mt to $1,550-1,580/mt in China and $1,670-1,700/mt
in Southeast Asia during the week despite very few discussions. Although selling signals were more prominent this week, one
producer said that downstream strength was being weakened by buyers. This is
despite muted interest from China...