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Southeast Asian producer reduces PS prices

by ChemOrbis Editorial Team -
  • 13/11/2014 (05:43)
A Southeast Asian producer has announced lower PS prices to regional markets in the face of lackluster demand. The producer reduced their prices by $20/ton for GPPS and $10/ton for HIPS to bring their new offers to $1580/ton for GPPS and to $1640/ton for HIPS, both on a CIF SEA, cash basis.

“We are still struggling to conclude deals even after agreeing to our most recent price reduction. We are reluctant to implement any further price reductions, although we may consider giving some discounts to buyers placing firm bids,” a producer source commented.

Import PS prices in Southeast Asia currently stand at $1500-1620/ton for GPPS and at $1620-1640/ton for HIPS, all on a CIF SEA, cash equivalent basis.
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