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Taiwanese producer issues further ABS, PS hikes to SE Asia

by ChemOrbis Editorial Team -
  • 03/03/2016 (15:28)
An agent of a Taiwanese producer reported that their supplier raised their offers to Southeast Asia by $50/ton for both ABS and PS when compared to last week on the back of firmer styrene costs, which jumped by around $100/ton on a week over week basis to be currently quoted at $1095/ton FOB South Korea.

According to the agent, the producer currently offers GPPS at $1150/ton, HIPS at $1190/ton and ABS at $1250/ton, all on a CIF SEA, cash basis. “Our supplier has limited availability this week,” he stated.

Since the end of the Chinese New Year holidays, the Taiwanese producer has implemented a cumulative increase of $100/ton for HIPS and $90/ton for GPPS and ABS given firmer styrene as well as healthier demand.

In Southeast Asia, import PS prices are currently reported at $1140/ton for GPPS and at $1190-1210/ton for HIPS, all on a CIF SEA, cash equivalent basis. For ABS, prices currently stand at $1250-1290/ton with the same terms.
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