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South Korean producer cuts HIPS, ABS prices to China

by ChemOrbis Editorial Team -
  • 23/12/2015 (11:17)
A source from a South Korean producer reported that they reduced their HIPS and ABS offers to China by $10/ton in the face of sluggish demand. The producer is currently offering HIPS at $1060/ton CFR China, cash and ABS at $1090/ton with the same terms.

“Buyers are not building extra stocks at the moment as they believe that prices still have room for additional decreases in line with weaker crude oil costs,” the source stated.

In China, import HIPS prices currently stand at $1060-1080/ton on a CFR, cash equivalent basis while ABS prices are currently reported at $1070-1100/ton with the same terms.
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