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Another Taiwanese producer lifts PS prices to China

by ChemOrbis Editorial Team -
  • 11/03/2016 (16:59)
Asian PS markets continued to witness significant increases on the last day of the week, with a Taiwanese producer issuing further hikes on their offers today while players attribute firming prices to higher spot styrene costs in Asia.

An agent of a Taiwanese producer reported that their supplier implemented a sharp increase of $120/ton on their PS prices to China, bringing their new offers to $1310/ton for GPPS and to $1350/ton for HIPS.
In China, import PS prices are currently reported at $1250-1310/ton for GPPS and at $1250-1350/ton for HIPS, all on a CFR, cash equivalent basis.
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