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SE Asian producer raises PS prices to regional markets

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/10/2015 (17:55)
A source from a Southeast Asian producer reported that they implemented increases on their import PS prices to the regional markets due to firmer spot styrene prices in Asia. The producer raised their prices by $70/ton for GPPS and by $50/ton for HIPS, bringing their new offers to $1150/ton and to $1210/ton, respectively, on a CIF SEA, cash basis.

The source commented, “We lifted our prices following the styrene rebound. Plus, demand from Malaysia was good last week due to the recent appreciation of the Malaysian ringgit against the US dollar.”
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