OUTLOOK '16: Mideast, Indian PS bearish on weak crude outlook

摘要

SINGAPORE (ICIS)--Middle East and south Asia polystyrene (PS) market is likely to remain weak in the first half of 2016 as a result of falling crude and feedstock prices coupled with weak demand in the region, industry sources said. Steep declines in crude futures that has affected the GDP growth of almost all countries in the Gulf Cooperation Council (GCC) is one of the primary factors affecting PS performance in 2016, as regional players continue to grapple with reduced manufacturing activity.