SEA PS producers take firm stance on prices owing to stronger costs
A producer in Thailand reported that local prices held relatively stable over the past week. “Demand is expected to be subdued for all polymers during the rainy season and the month Ramadan in Indonesia and Malaysia and we think that demand will only pick up in September or October” the producer commented.
Another regional producer, who kept their offers unchanged, said, “We are standing firm on our prices based on stronger styrene costs and rising crude oil prices.”
According to data from ChemOrbis Price Wizard, spot styrene prices on an FOB Korea basis rose by $20/ton on the week to be currently quoted at around $980/ton FOB Korea. Spot GPPS prices currently stand at $1100-1180/ton while HIPS prices stand at $1140-1260/ton, both on a CIF SEA, cash equivalent basis.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
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