- HIPS - GPPS Higher on Stronger Indications Heard- Slightly lower EPS





GPPS was valued at $20/mt more this week,
at $1280/mt China CFR and $1,295/mt Southeast Asia CFR on stronger
tradeable indicators. HIPS was increased $10/mt this
week due to stronger tradeable indicators received. In China, prices
were generally still at relatively high levels. Prices for
GPPS in China were around Yuan 8,800/mt (and Yuan 9,700/mt respectively) on an
import-parity basis. FOB China indications were stronger at $1,250-$1,260/mt
respectively. However, FOB China indications were stronger at $1,380-$1,390/mt.
FOB China indicators were stronger at $1,250-$1,260/mt. FOB China was seen as
strong at $1,350-$1,390/mt. It is likely... [that] the strongest
demand [there] is at the moment. Indian producers face tight
margins right now, so end-users and even producers themselves may find it
cheaper to source goods from China. Also,
freight is cheaper. Freight is also cheaper. On...