India’s PS prices stable on strong rupee but firm SM costs

05 October 2012 09:35  [Source: ICIS news]

SINGAPORE (ICIS)--Polystyrene (PS) prices in the Indian domestic market were rolled over from September prices, market sources said.

One of the chief regional producers said that list prices were kept unchanged because of an appreciation in the Indian rupee against the US dollar, as this made imports of feedstocks cheaper. However, styrene monomer (SM) costs are still firm and hence a reduction in the list prices was not possible, he added.

According to market sources, the prices for general purpose polystyrene (GPPS) were unchanged from September prices at Indian rupees (Rs) 102/kg, which is equivalent to $1971.39/tonne.

The prices for high-impact polystyrene (HIPS) too were steady at Rs113/kg, which is equivalent to $2,184/tonne, according to market sources.

($1 = Rs51.75)


By: Veena Pathare
+65 6780 4327



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