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Southeast Asian producer reduces PS prices to the region

by ChemOrbis Editorial Team -
  • 04/12/2014 (14:30)
A Southeast Asian producer reported that they reduced their prices to the regional market given disappointing demand and softer upstream costs. The producer lowered their prices by $90-100/ton to $1360-1380/ton CIF, cash for GPPS while cutting their HIPS prices by $120/ton to $1420/ton with the same terms.

“We have managed to conclude a few deals for HIPS since our most recent price reduction, but GPPS deals remain scarce. We do not expect to see any major improvement in demand this month as trading activity will be dampened by year end book closures,” a producer source commented.

Import prices currently stand at $1295-1450/ton CIF SEA, cash equivalent basis for GPPS and at $1395-1530/ton with the same terms for HIPS.
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