The Polystyrene market in South Korea had seen a commotion of activity throughout April xxxx, culminating in a stable price as it entered May. As of the first week of May, the price of General-Purpose Polystyrene (GPPS) grade on FOB - Busan basis was recorded at USD x,xxx per metric ton, reflecting ongoing market conditions and dynamics that have influenced pricing trends over the past month.
April month began with the Polystyrene price at USD x,xxx per metric ton. The price was initially stable, which was credited to balanced production costs and feedstock prices, despite facing logistical delays and supply chain disruptions. However, as the month proceeded, prices rose by approximately x.xx, reaching USD x,xxx by mid-April. This increase was driven by a restrained market approach amidst moderate production and purchase activities in downstream industries, which helped maintain a supply and demand equilibrium.
Towards...
