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West European PS prices revealed for December in Turkey

by ChemOrbis Editorial Team -
  • 02/12/2014 (16:30)
In Turkey, new December prices for a West European origin were revealed with hefty decreases of €80-90/ton ($99-112/ton) from November today. Prior to this announcement, December benzene contracts settled €166/ton ($206/ton) lower while the styrene contracts settled down €150/ton ($186/ton) earlier this week.

A trader offering on behalf of a West European PS producer reported his new prices at €1310/ton ($1624/ton) for GPPS and at €1400/ton ($1736/ton) for HIPS, all on a CIF Turkey, cash basis. “We received smaller decreases than the styrene drop from our West European supplier. They may have to apply the remaining part of the drop next month although it is a bit early to make definite predictions," he said. The trader is yet to receive responses from buyers to his new levels while he is not very optimistic about market activity given the ongoing bearish trend in energy markets.
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