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South Korean producer lowers HIPS, ABS prices to China

by ChemOrbis Editorial Team -
  • 12/12/2014 (17:53)
A South Korean producer reported that they reduced their HIPS and ABS prices to the Chinese market, lowering their prices by $60/ton to $1430/ton CFR China, cash for HIPS and by $60-70/ton to $1620-1630/ton with the same terms for ABS.

“Prices weakened owing to falling upstream costs. Trading activity is limited as most buyers are keeping to the sidelines in anticipation of further decreases,” a producer source stated.

Import prices in China currently stand at $1400-1500/ton for HIPS and at $1620-1690/ton for ABS, all on a CFR China, cash equivalent basis.
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