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Taiwanese producer adjusts PS offers down to China, SE Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/06/2017 (11:29)
A source from a Taiwanese producer reported that they implemented a decrease on their PS offers to China and Southeast Asia when compared to last week in the face of slightly lower styrene prices.

This week, the producer cut its PS offers by $10/ton for PS from last week and concluded deals with 20$/ton discount from their current offer levels at $1250-1270/ton for GPPS inj. and at $1350-1370/ton for HIPS inj. on CIF China/SEA, cash basis, respectively.

The source noted, “The overall demand is stable and GPPS sees relatively better demand than HIPS. We think that the PS market will follow the direction of styrene prices in the near term.”
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