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S. Korean producer steps back on GPPS prices to Vietnam: trader

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/05/2015 (15:33)
A trader based in Vietnam reported that a South Korean producer has stepped back from their May GPPS offers to the Vietnamese market. According to the trader, the producer adjusted their prices downward by $40/ton, bringing their new GPPS offers to $1640/ton CIF, cash.

He commented, “We feel that PS prices have already started to change direction in Asia. Hence, we are not interested in purchasing for now. We will focus on selling our existing stocks for the near term.”

The trader added that the South Korean producer maintained their ABS prices at $1750/ton on a CIF Vietnam, cash basis.
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