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Focus Asia EPS may gain towards June on seasonal pick-up in demand

By Clive Ong

SINGAPORE (ICIS)--Demand for expandable polystyrene (EPS) in Asia is expected to pick up late this month and lead to higher prices of the polymer after stagnating at around $1,840/tonne (€1,435/tonne) levels since mid-March, market sources said on Wednesday.

Offers are currently being quoted at $1,850/tonne CFR (cost and freight) NE (northeast) Asia this week, higher than ICIS’ average assessment of $1,835/tonne CFR NE Asia in the past two weeks.

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