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Trader reduces Taiwanese PS, ABS, PPBC prices to SEA

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/10/2014 (07:45)
A trader reported that they have reduced their prices for Taiwanese PS, ABS and PP block copolymer to Southeast Asian markets. The trader lowered their prices by $50/ton for PS, $20-30/ton for ABS and $30/ton for PPBC, bringing their new offers to $1580/ton for GPPS, $1650-1660/ton for HIPS, $1900/ton for ABS and to $1650/ton for PP block copolymer injection, all on a CIF SEA, cash basis.

“Demand is not very encouraging these days and most buyers are keeping to the sidelines in anticipation of seeing further reductions based on declining upstream costs. We are struggling to conclude deals for PPBC as we hear that there are some attractively-priced South Korean cargoes in the market,” the trader stated.
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