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Hong Kong producer lowers HIPS prices to China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/10/2014 (16:11)
A source from a Hong Kong-based producer reported that they have implemented some decreases on their HIPS prices to China while keeping their GPPS offers stable. The producer revised their HIPS offers downward by $20-30/ton to $1720/ton CFR China, cash.

The source stated, “Although we are seeing better demand nowadays, we feel that this is not a real improvement as some buyers had to make purchases as their inventories were running out.”

For GPPS, the source reported concluding some deals at $1600-1620/ton CFR, cash, commenting, “We hear lower done deal levels for GPPS in the import market; however we are not planning to reduce our offers as we are still using styrene materials that we previously purchased at higher levels. We are running our GPPS line at low rates while our HIPS line is still offline and we may consider restarting it in November.”
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