East Med prices plunge

Viswanathan, Prema; Brice, Andy
February 2007
ICIS Chemical Business;2/12/2007, Vol. 2 Issue 53, p36
Trade Publication
The article reports on the decline in polystyrene prices in the east Mediterranean in February 2007 as Asian suppliers turned their focus from China to the region. Suppliers, traders and end-users say that buying sentiment in China is softening ahead of the Chinese New Year holidays. The observance of the Shi'ite Muslim mourning week of Ashura in several east Mediterranean countries has also slowed trade. Suppliers and traders say that they are not expected to fall any further, as demand is robust.


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