Pakistan’s GPPS prices rise on higher feedstock costs

05 October 2012 09:43  [Source: ICIS news]

SINGAPORE (ICIS)--General purpose polystyrene (GPPS) prices in the Pakistan domestic market for October rose on the back of higher feedstock costs, a market source said.

According to the source, the prices for general purpose polystyrene (GPPS) were increased by Pakistan rupees (PRs) 5/kg to PRs185/kg, which is equivalent to $1,938.20/tonne.

According to the source, prices for high-impact polystyrene (HIPS) were unchanged from September at PRs200/kg, which is equivalent to $2,095.30/tonne.

An increase in the feedstock styrene monomer (SM) has brought about the increase in the list price, the source said.

However, the weakening in the polybutadiene rubber (PBR) prices in the international markets has contributed to keep HIPS prices stable despite the higher feedstock costs, the source added.

PBR is used as one of the raw materials to make HIPS.

($1 = PRs95.45)

By: Veena Pathare
+65 6780 4327

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