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SE Asian producer reduces PS prices to the region

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/01/2015 (12:13)
A source from a Southeast Asian producer reported that they concluded PS deals in the regional markets after lowering their prices by $90/ton for GPPS and $50-70/ton for HIPS. The producer sold their GPPS cargoes at $1100/ton and their HIPS materials at $1180-1200/ton, both on a CIF SEA, cash basis.

A converter who received PS prices from the producer stated, “We are not interested in purchasing for now as we are planning to wait for a while longer before deciding on our next move.”

Meanwhile, a Taiwanese producer reported that they reduced their prices to the Southeast Asian market by $5-10/ton for GPPS, $10/ton for HIPS and $30/ton for ABS this week as ongoing losses in upstream markets maintain downward pressure on prices.

In Southeast Asia, import PS prices are currently standing at $1030-1170/ton for GPPS and at $1100-1250/ton for HIPS, both on a CIF SEA, cash equivalent basis.
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