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SEA producer concludes HIPS deals with increase

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/02/2015 (12:17)
A source from a Southeast Asian PS producer reported that they concluded some deals for HIPS and GPPS in the regional markets this week. The producer managed to sell HIPS with an increase of $30/ton from last week while their done deal level for GPPS were steady from their most recent offers.

The producer’s deal level for HIPS stands at $1300/ton while they sold GPPS at $1200/ton, both on a CIF SEA, cash basis. The source commented, “Demand has been quite strong so far and we believe that spot styrene prices will remain stable in the near term, thereby supporting the current firm trend in the PS market.”
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