Asian PS producers revise offers given firmer styrene
In Asia, two producers revised their PS prices after spot styrene costs moved higher on the back of the recent increases in crude oil. Spot styrene on an FOB South Korea basis climbed $55-60/ton on a week over week basis to be currently quoted at around $910-915/ton.
A source from a Southeast Asian producer reported that they implemented increases on their PS offers to regional markets due to higher styrene costs. The producer raised their offers by $20/ton for GPPS and $10/ton for HIPS, bringing their new prices to $1110/ton and to $1140/ton, respectively, on a CIF SEA, cash basis.