Asian PS : Rises on week-tracking upstream market- Styrene monomer gains $33.50-38.95/mt on week- Stable for polystyreneAsian polystyrene prices up $10/mt weekly
tracking higher upstream costs. The
Chinese domestic price for general-purpose polystyrene was Yuan 8,800/mt or
approximately $1,058/mt. High-impact polystyrene was Yuan 9,900/mt or
$1,190/mt. A producer said that the demand
and supply fundamentals have not changed despite rising upstream styrene
monomer costs. The source stated that
China's COVID-19 restrictions have not led to an increase in orders. Styrene monomer increased $33.50/mt to $1,057/mt CFR China during
the week.Asian PS Weekly Rationale









Asian general purpose polystyrene up $10/mt
weekly at $1,165/mt CFR China January 4, due to higher styrene monomer price
and lower domestic GPPS Chinese still below $11,100/mt. CFR Southeast Asia was
valued at $10/mt at $1185/mt. This is in light of potential deals...