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SE Asian producer raises PS prices to the region

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/04/2015 (11:13)
A source from a Southeast Asian producer reported that they raised their PS prices to the regional markets in line with firmer spot styrene costs. According to the source, the producer lifted their prices by $40/ton for GPPS and by $30/ton for HIPS, bringing their new offers to $1410/ton and $1470/ton, respectively, on a CIF SEA, cash basis.

The source commented that the PX explosion in China have contributed to the firming styrene trend in Asia. “The explosion at Dragon Aromatics’ PX plant has pushed up prices for all aromatics,” he stated. The source added that they are feeling free from sales pressure as they have limited stocks, stating, “However, our customers are still trying to negotiate for lower levels.”

In Southeast Asia, overall PS prices are currently reported at $1330-1410/ton for GPPS injection and at $1440-1470/ton for HIPS injection, all on a CIF SEA, cash equivalent basis.
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