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Taiwanese producer issues drops on PS, ABS prices to SEA

by ChemOrbis Editorial Team -
  • 03/06/2015 (15:13)
An agent of a Taiwanese producer reported that their supplier implemented an additional decrease on their import PS and ABS prices to Southeast Asia in the face of lower styrene costs.

The producer reduced their prices by $50/ton for GPPS and by $30/ton for HIPS, bringing their new offers to $1440/ton for GPPS and $1530/ton for HIPS, both on a CIF SEA, cash basis, while they lowered their ABS prices by $50/ton to $1630/ton with the same terms. He stated, “Our customers are not willing to purchase right now as they are waiting on the sidelines in anticipation of seeing further price relief.”

In Asia, spot styrene prices are down by around $60/ton week over week to be currently quoted at $1250-1255/ton on an FOB South Korea basis.
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