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South Korean producer cuts PS, ABS offers further to Indonesia

by ChemOrbis Editorial Team -
  • 07/06/2017 (12:22)
An Indonesian trader reported that a South Korean producer continued to decrease its PS and ABS offers to Indonesia this week.

When compared to last week, the producer cut its offers by $10/ton for GPPS on the high end while HIPS and ABS offers retreated by around $20-50/ton.

The producer’s current offers are now standing at $1280-1290/ton for GPPS injection, at $1350-1380/ton for HIPS injection and $1610-1620/ton for ABS injection, all on CIF Indonesia, cash basis.

The trader commented, “It is hard to make sales as the road ban will start by the end of the month. Plus, sellers are giving attractive offers in order to sell out their materials quickly.”

The decrease decision of the producer defied the hike attempts of Taiwanese producers both in China and Southeast Asia.
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