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Trader reduces Taiwanese PS, ABS to China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/10/2014 (09:38)
An agent of a Taiwanese producer stated that they have implemented significant reductions on their PS and ABS prices to China. The trader’s new PS offers came down around $70-80/ton to reach $1635/ton for GPPS and $1735/ton for HIPS while the trader cut their ABS prices by around $40-50/ton to reach $1940/ton, all on a CFR China, cash basis.

"Our supplier normally offers towards the upper end of the range, but they have decided to move their prices to a level closer to the general market average. We are not feeling optimistic about the demand outlook over the medium term," the trader stated.

In China, import prices currently stand at $1580-1635/ton for GPPS, $1640-1735/ton for HIPS and at $1880-1940/ton for ABS, all on a CFR China, cash equivalent basis.
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