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SE Asian producer cuts import GPPS prices to China

by ChemOrbis Editorial Team -
  • 21/08/2015 (10:58)
A source from a Southeast Asian producer reported that they reduced their import GPPS prices to China by $100/ton in order to maintain their competitiveness. The source stated that demand was not strong in August, adding, “We have not received any bids since our most recent revision.”

The producer’s GPPS offers currently stand at $1200/ton on a CIF China, cash basis. “PS prices still have room for additional decreases as weakening crude oil costs continue to weigh down upstream markets,” the source commented.

Import GPPS prices currently stand at $1200-1265/ton CFR China, cash equivalent basis.
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