Polymer Prices Stable in Asia

All polymers except styrene maintained at their existing prices. Buying sentiments have been down and many consumers were in ‘wait and see’ situation, leading end users to not buildup their inventories. In addition, this time of the year is considered to be lean and hence a number of plants in Mideast are expected to reduce their operating rates due to Ramadan. But since consumers had not bought and built up inventories, the buying started off immediately after few days of Formosa outage. The market sentiments and upward movements in prices are...

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