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Taiwanese producer cuts PS prices to SEA and China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/08/2016 (14:02)
A Taiwanese producer lowered its PS prices both to China and Southeast Asia in line with weakening styrene and crude oil prices. The producer cut its offers by $10-20/ton for GPPS and by $20/ton for HIPS.

A source from the producer reported, “Players continue to source on an as needed basis and demand remains quite weak. GPPS demand is still better compared to HIPS.”

The producer’s new offer levels were reported at $1150-1160/ton for GPPS and $1200/ton for HIPS, both on CIF China and SEA, cash basis. They came close to the low end of the overall import market in Southeast Asia and China this week, although they were forming the high end last week.
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