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SE Asian producer cuts PS prices to regional markets

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/06/2015 (17:18)
A source from a Southeast Asian PS producer reported that they reduced their prices to regional markets by $60/ton for GPPS and by $50/ton for HIPS, bringing their new offers to $1500/ton for GPPS and to $1550/ton for HIPS, both on a CIF SEA, cash basis. Last week, they had implemented decreases of $40-50/ton on their PS prices.

The source commented that they cut their prices in spite of the fact that spot styrene prices have recently regained some lost ground as demand remained disappointing. “We are planning to maintain our prices next week even if styrene costs gain further ground.”

In Southeast Asia, overall import PS prices are currently reported at $1440-1530/ton for GPPS and at $1520-1580/ton for HIPS, all on a CIF SEA, cash equivalent basis.
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