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SE Asian producer lowers PS prices to the region

by ChemOrbis Editorial Team - content@chemorbis.com
  • 20/11/2014 (06:03)
A Southeast Asian producer reported that they lowered their PS prices to the region in the face of sluggish demand and softer upstream markets. The producer lowered their GPPS prices by $20/ton to $1560/ton CIF, cash while reducing their HIPS prices by $40/ton to $1600/ton with the same terms.

“We are willing to consider some additional discounts for buyers placing firm bids. We are struggling to conclude deals even after our most recent price reduction,” a producer source commented.

Import prices are currently being quoted at $1400-1560/ton CIF SEA, cash equivalent basis for GPPS and at $1580-1600/ton with the same terms for HIPS.
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