An agent representing a domestic PS and ABS producer reported lifting their prices following the holidays. “Our supplier raised their offers in response to firmer spot styrene costs. Buying interest is still limited for now, but we believe that more players will be back to the market next week and that a clearer outlook will emerge,” the trader stated. A South Korean producer reported lifting their ABS prices to China while adding that they have not decided on their new PS prices yet.
PET prices also opened the post-holiday period on a firm note, with a trader commenting that they raised their export prices by $10/ton. “We are still waiting for more players to return to the market, but most sellers are seeking some increases on their initial post-holiday prices,” the trader stated.