Taiwanese producer applies further hikes on PS, ABS offers to China
by ChemOrbis Editorial Team - content@chemorbis.com
According to traders, a Taiwanese producer increased its offers to China further by $30/ton for ABS and by $20/ton for PS when compared to last week. The producer’s offers currently stand at $2080-2100/ton for ABS injection, at $1580/ton for HIPS and at $1500/ton for GPPS, all on CIF China, cash basis.
“Despite the fact that spot styrene prices in Asia continue to witness downward corrections, PS and ABS suppliers maintain their firm stance on their offers on the back of healthy demand. The Taiwanese producer’s ABS supplies are still limited,” noted a trader.
“Despite the fact that spot styrene prices in Asia continue to witness downward corrections, PS and ABS suppliers maintain their firm stance on their offers on the back of healthy demand. The Taiwanese producer’s ABS supplies are still limited,” noted a trader.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Spot PE markets recede from all-time high in Europe
- Turkey’s PP market starts to stabilize, will other polymers follow suit?
- Asian ethylene and propylene slide into steeper backwardation on demand, oversupply
- China PP, PE markets on nearly 3-month losing streak amid scant demand
- June PP, PE prices drop further on weakened activities in Egypt
- Europe’s PS, ABS markets come off peaks on plunging costs
- Asian polymer markets unfazed by crude oil rally
- India’s polymer demand slowly heals pandemic-inflicted wounds
- LDPE faces a tougher slog in Asia, Europe still on a tear
- Weakness extends to June in Saudi Arabian PP, PE markets
