27 March 2007 07:32 [Source: ICIS news]
Demand for both the packaging grade and block flame retardant grade were slack after Chinese New Year holidays in the second half of February.
The slow buyer offtake over the past month had resulted in a build-up of inventories among producers.
Operating rates among a number of facilities in
Another producer who operates three lines in eastern
Despite the current poor market conditions, most producers appeared optimistic that buying interest in
“Orders for finished goods are likely to arrive soon and moulders will step up production in April. This would likely boost the consumption of packaging EPS in Hong Kong and southern
Another Taiwanese maker agreed with the argument that when demand for injection resins improve, EPS consumption will rise in tandem.
Suppliers of block flame retardant EPS said demand from the construction sector in northern
Block EPS is used as an insulation panel in buildings, roads and other infrastructure.
However, with warmer weather setting in now, EPS sellers expected construction activities to start picking up in April.
Prices of packaging EPS had fluctuated in a narrow band of $1,420-1,450/tonne CFR (cost & freight)
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