23 November 2007 10:30 [Source: ICIS news]
The gross market price (GMP) for general purpose PS (GPPS) was moved down to €1,375/tonne FD (free delivered) NWE (northwest ?xml:namespace>
The GMP is heavily discounted and seen as a general reference price in the market as opposed to a working price. It is closely watched by the market, however, as the extent of the monthly movement is seen as relevant.
Most sources reported net GPPS prices to be around the €1,200/tonne FD NWE mark, according to global chemical market intelligence service ICIS pricing.
PS prices fell in line with upstream styrene monomer in November, but producers reported a fine supply-demand balance and several were already talking of increases for December, regardless of any possible moves in the styrene monomer.
PS producers in
($1 = €0.67)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections