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Indonesian PS producer issues local prices for April

by ChemOrbis Editorial Team -
  • 03/04/2015 (15:33)
A source from an Indonesian PS producer reported that they have announced their April prices to the domestic market with increases from March. The source cited firmer styrene prices as the main reason behind their higher levels.

The producer raised their prices by $50/ton, bringing their new offers to $1400-1450/ton for GPPS and to $1450-1500/ton for HIPS, both on an FD Indonesia, cash basis. “Demand is very good for GPPS thanks to preparations for the upcoming Ramadan. Demand for HIPS, meanwhile, is regular. Spot styrene prices are expected to remain firm due to several plant shutdowns in the region. We are feeling bullish regarding the near term market outlook,” the source commented.
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