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South Korean producer lowers PS, ABS prices to China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 06/11/2014 (07:32)
A South Korean producer reported that they reduced their PS and ABS prices to China in accordance with declining energy costs. The producer lowered their HIPS prices by $90/ton to $1630/ton CFR China, cash while reducing their ABS prices by $50/ton to $1850/ton with the same terms. "We had not adjusted our prices for some time and we had to agree to a significant price reduction to bring our prices back into line with the general market level. We believe that prices may still have some room to move lower as declining crude oil prices are putting downward pressure on naphtha and styrene prices," a producer source commented.

Prices for both dutiable and non-dutiable materials currently stand at $1570-1620/ton for GPPS, $1630-1700/ton for HIPS and at $1840-1900/ton for ABS, all on a CFR China, cash equivalent basis.
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