13 September 2012 13:09 [Source: ICIS news]
SINGAPORE (ICIS)--Producers in ?xml:namespace>
The list price of general purpose PS (GPPS) was increased from Rs100/kg to Rs102/kg, while price of high-impact PS (HIPS) rose from Rs111/kg to Rs113/kg.
The increase came following a surge in styrene monomer (SM) prices in European and Asia Pacific markets. In Europe, SM was traded at a three-year high of $1,810/tonne FOB (free on board)
In the Asia Pacific markets, styrene prices strengthened by $40/tonne to $1,510-1,530/tonne CFR (cost and freight) China on 12 September.
Following the upswing in SM prices, all Asian producers withdrew offers for export of PS to the
($1 = Rs55.23)
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