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Asian producers raise PS, ABS offers to Indonesia

by ChemOrbis Editorial Team -
  • 13/06/2017 (11:14)
Traders in Indonesia reported that several Asian producers implemented increases on their PS and ABS offers to Indonesia this week.

A trader reported that a South Korean producer increased its offers by $10-20/ton for ABS and by $20/ton for HIPS after adjusting its offers down for two consecutive weeks while GPPS witnessed larger gains of $30-50/ton.

The producer’s current offers are now standing at $1320-1340/ton for GPPS injection, at $1370-1400/ton for HIPS injection and $1620-1640/ton for ABS injection, all on CIF Indonesia, cash basis.

The trader noted, “New offers are yet to attract any buying interest so far. Buyers are refraining from any purchases nowadays given the road ban which will start by the end of this week. Therefore, we don’t think prices may stand at these levels for too long.”

A second trader also reported that ABS injection offers they receive from another South Korean producer and a Chinese producer rose by $20/ton from last week to $1670/ton and $1650/ton, CIF Indonesia, cash basis, respectively.
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