Asian PS: Softer demand pressures prices downward- Buyers expect lower prices because they delay buying PS- Expandable, stable polystyreneAsian polystyrene is down $20/mt per week
from week February 22. According
to a market source in Thailand, customers generally have a bearish outlook on
the market. There aren't many inquiries
for polystyrene this week. They are likely
still depleting their stock in anticipation of further price declines. Recent increases in SM [styrene monmer] could support PS
prices. There might have been increased
buying activity before Songkran in April." However, demand remains low in
the week to February 22nd as producers offered similar or lower prices than the
previous week. "Downstream buying interest
remains low. According to a Taiwanese
producer, "Downstream buying interest is so-so." The general grade stable is the lowest priced product in the
expandable polystyrene market at...