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SEA producer cuts PS prices to regional markets

by ChemOrbis Editorial Team -
  • 24/10/2014 (14:00)
A source from a Southeast Asian producer reported that they lowered their PS prices to their regional markets by around $30/ton to $1640/ton for GPPS and to $1700/ton for HIPS, both on a CIF SEA, cash basis.

A source from the producer stated, “We are not aggressively selling nowadays as upstream costs are not stable while buyers are not in a hurry to make fresh purchases.”

In Southeast Asia, import PS prices are currently standing at $1570-1640/ton for GPPS and at $1640-1700/ton for HIPS, all on a CIF SEA, cash equivalent basis.
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