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SE Asian producer cuts PS prices to regional markets

by ChemOrbis Editorial Team -
  • 06/07/2015 (14:17)
A source from a Southeast Asian producer reported that they implemented decreases on their PS offers to regional markets in the face of buyers’ persistent resistance amidst volatile upstream markets. The producer reduced their prices by $20-30/ton when compared to last week.

Their new offers stand at $1440/ton for GPPS and at $1500/ton for HIPS, both on a CIF SEA, cash basis. “Buyers are still asking for further discounts. However, we are not planning to concede to further decreases,” the source commented.

Import PS prices currently stand at $1390-1440/ton for GPPS and at $1455-1500/ton for HIPS, all on a CIF SEA, cash equivalent basis.
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