Taiwanese producer revises PS prices downward to Asia
by ChemOrbis Editorial Team - content@chemorbis.com
A source from a Taiwanese producer reported that they implemented decreases of $30/ton on their PS prices to China and Southeast Asia today. The source attributed their decrease decision to softening styrene costs.
“Buyers are limiting their purchases to their immediate needs nowadays amidst softer upstream costs. In addition, the recent losses in crude oil prices also affected our decision. We are uncertain about the near term outlook. Meanwhile, our plant will undergo maintenance at the end of May and will remain shut until the middle of June,” the source stated.
The producer currently offers GPPS injection at $1260/ton CIF SEA/CFR China, cash basis and HIPS injection at $1300/ton with the same terms.
“Buyers are limiting their purchases to their immediate needs nowadays amidst softer upstream costs. In addition, the recent losses in crude oil prices also affected our decision. We are uncertain about the near term outlook. Meanwhile, our plant will undergo maintenance at the end of May and will remain shut until the middle of June,” the source stated.
The producer currently offers GPPS injection at $1260/ton CIF SEA/CFR China, cash basis and HIPS injection at $1300/ton with the same terms.
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