Economic stimulus package fails to lift PS demand and price in China

GPPS prices witnessed a hundred dollar fall to dip to levels below US$795/MT CFR China. The economic stimulus package announced in China has failed to lift demand and prices for polystyrene. As outlook continues to be pessimistic, CFR China deals were heard concluded almost fifty dollars lower for GPPS and at US$900/MT for HIPS. China, a key player in the world economy has announced a US$586 bln economic stimulus package to boost its floundering economy.
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