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SE Asian producer cuts PS prices to regional markets

by ChemOrbis Editorial Team -
  • 18/09/2015 (11:04)
A source from a Southeast Asian producer reported that they lowered their import PS prices to the regional markets by $10/ton for GPPS and $20/ton for HIPS due to the recent losses in spot styrene costs.

The source commented, “We are not holding high stock levels as we concluded a good number of deals in China for September. We hope to conclude more deals in October as the high PS season will continue until December.” For HIPS, he added that decreasing ABS prices are likely to put downward pressure on prices. “We may see HIPS prices dropping below the $1200/ton threshold in the near term,” he said.

The producer’s PS prices currently stand at $1170/ton for GPPS and at $1230/ton for HIPS, both on a CIF Southeast Asia, cash basis.
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