Taiwanese producer lifts PS, ABS offers to China

Traders in China reported that a Taiwanese producer implemented increases on their ABS and PS offers from their levels in mid November.

The producer lifted its offers by $30/ton for GPPS and HIPS and by $60/ton for ABS. According to the traders, the producer’s offers stand at $1700/ton for ABS injection, at $1380/ton for HIPS injection and at $1330/ton for GPPS injection, all on a CIF China/Hong Kong, cash basis.

A trader commented, “In Hong Kong’s market, demand for ABS is mostly on an as-needed basis. However, prices remain on a firm note due to supply tightness. Buyers in the Eastern part of China are replenishing materials while there are also some sellers who prefer to hold onto material as they believe prices still have room to increase. Currently, ABS prices are quite volatile.”