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S. Korean producer voices April ABS, HIPS sell ideas to China

by ChemOrbis Editorial Team -
  • 06/03/2015 (10:48)
A source from a South Korean producer expressed their April sell ideas for ABS and HIPS with significant increases to China. For April, the producer voiced their sell ideas at $1600/ton CFR China, cash for ABS and at $1350/ton for HIPS with the same terms, with these sell ideas representing increases of $50/ton for ABS and $150/ton for HIPS compared with their most recent deals.

The source stated, “We are planning to announce our new April prices after March 15, so we will mostly wait and monitor the market until then. For the near term, we think that PS and ABS markets will continue to follow a firming trend on the back of strong styrene monomer costs, which are finding support from several shutdowns across the region.”
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