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Further PS, ABS hikes from another Taiwanese producer in SEA

by ChemOrbis Editorial Team -
  • 10/03/2016 (18:02)
A source from a Taiwanese producer reported that they issued additional increases on their PS and ABS prices to Southeast Asia this week due to firm spot styrene costs. Another Taiwanese producer also lifted their offers to the regional markets at the start of the week.

The source reported that they raised their prices by $90/ton for PS and by $100/ton for ABS, bringing their new offers to $1240/ton for GPPS, to $1280/ton for HIPS and to $1350/ton for ABS, all on a CIF SEA, cash basis. “Demand has cooled a bit this week as most buyers had already replenished their stocks in the past weeks,” he commented.

In Southeast Asia, import PS prices are currently quoted at $1200-1320/ton for GPPS and at $1250-1340/ton for HIPS, all on a CIF, cash equivalent basis. For ABS, prices currently stand at $1250-1370/ton with the same terms.
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