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Initial West European PS prices emerge for May in Turkey

by ChemOrbis Editorial Team -
  • 05/05/2015 (16:36)
In Turkey, initial West European PS offers started to be revealed for May today. Following the €20/ton higher May styrene contracts, new offers to Turkey indicate €25/ton ($28/ton with recent parity) hikes from April.

Initial offers stand at €1585/ton for GPPS and €1645/ton for HIPS, all on CIF Turkey, cash basis. The dollar equivalence of those levels come to around $1760/ton and $1825/ton, respectively. A trader commented, “We had expected to see rollovers for May as spot styrene costs in Europe showed some easing recently. We still hope to be competitive against other origins despite the recent hike.”
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