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Trader: Taiwanese producer cuts PS, ABS prices to SEA

by ChemOrbis Editorial Team -
  • 16/01/2015 (10:49)
According to a trader, a Taiwanese producer has reduced their PS and ABS prices to the Southeast Asian market by $5-10/ton for GPPS, $10/ton for HIPS and $30/ton for ABS. The trader stated, “We may see further declines in the days ahead as buyers are still not active in the market.”

The trader is now offering GPPS at $1120-1130/ton, HIPS at $1180-1190/ton and ABS at $1500/ton, all on a CIF SEA, cash basis.

In Southeast Asia, import PS prices are currently standing at $1030-1170/ton for GPPS and $1100-1250/ton for HIPS while ABS prices are reported at $1500-1650/ton, all on a CIF SEA, cash equivalent basis.
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