Search posts by:

Search posts by:

Newsletter successfully sent
Failed to send newletter

MonthlySSESSMENTS: April SEA PS Prices

Author: SSESSMENTS

 Download PDF
  • Local PS offers from Thai producers were unavailable at the beginning of the month
  • Deals for GPPS Injection in Vietnam were concluded at three-digits lower than the initial offers
  • PS demand was weak, except in Vietnam in the last week of the month

On a weekly comparison, local PS offers in Southeast Asian countries in April were stable to soft. In Indonesia, local GPPS Injection and HIPS Injection offers via traders were relatively stable week-over week. On April 30, an Indonesian PS producer informed SSESSMENTS.COM that May delivery offers for both GPPS Injection and HIPS Injection decreased by $110/ton on a monthly comparison. In Vietnam, local GPPS Injection offers decreased in the first week of the month between $40-70/ton from levels recorded at the end of March. In the same week, there were no offers from Thai producers due to unsupportive demand. Up to the week commencing April 13, Thai producers’ offers were still unavailable. Meanwhile, GPPS Injection offers from a Vietnamese producer decreased further between $20-30/ton compared to offers in the previous week.

In the week commencing April 13, local GPPS Injection offers from the Vietnamese PS producer were stable at $1,000/ton on cash, FD Vietnam basis and excluding 10% VAT. However, deals were concluded at $120/ton lower than the initial offer level, SSESSMENTS.COM was told. A week later, the producer adjusted down GPPS Injection offers by $20/ton. In the final week of the month, the producer announced that May delivery offers were stable on the low end of price range and $20/ton higher on the high end of the price range as compared to offers in a week earlier. To the export market, a Vietnamese PS producer trimmed GPPS Injection offers on FOB basis between $60-70/ton in the week commencing April 6, increased by $10/ton a week later and maintained stable offers until the end of the month. The changes were on a weekly comparison. 

From the import market, in the week commencing April 6, offers for South Korean GPPS and HIPS cargoes via a trader in Indonesia dropped significantly by $120/ton and $80/ton, respectively. A week later, offers for cargoes of this origin to Indonesia remained stable while offers for GPPS Injection from Singapore dropped by $50/ton. In the week commencing April 20, there were no fresh offers from South Korea to Indonesia, but traders expressed sell ideas for South Korean GPPS Injection to SSESSMENTS.COM at $830/ton on LC at sight, CIF Indonesia Main Port basis. In the last week of the month, Vietnamese PS producer concluded deals GPPS Injection at $850/ton on LC at sight, CIF Thailand main port basis, and bids between $800-820/ton on LC at sight, CIF Southeast Asia main port basis were rejected by the producer.

In general, SSESSMENTS.COM noted that demand for PS in the region sagged in April due to lockdown and restriction imposed to contain COVID-19 outbreak. In Malaysia, the PS market was muted due to the Movement Control Order (MCO). The Malaysian government extended MCO twice in April; on April 10 and April 23. On April 10, the MCO was extended to April 28 and on April 23, extended to May 12. During the MCO, most traders did not have permission to run the business, hence, they were unable to deliver customers' orders. Meanwhile, most buyers were reluctant to make purchases because end product sales were unsatisfactory. Automotive sales declined by 50% since the outbreak. Big home appliance manufacturers such as Sharp, Panasonic and LG operating in Indonesia even decided to shut the factory as sales were slow. Most manufacturers in the country were only running at 30-40% from normal rates due to large scale social restriction while some others halted the production activities. A bit of a different situation was seen in Vietnam. After the government lifted lockdown in the country on April 22, demand for PS was reported healthy. No supply issues arose in April.

Looking ahead, market players believe that chances for PS prices in most Southeast Asian countries to move lower are high due to weak demand. On the other hand, the players opined to SSESSMENTS.COM that PS prices in Vietnam will remain stable.

Click below to view related stories and content on PS:

NewsSSESSMENTS: Export PS Market In Asia Lifted Following China, Vietnamese Producer Shares Deals Level

NewsSSESSMENTS: Vietnamese PS Producer Receive Low Bids Despite Significant Price Adjustment, Skip Offering To China Market

NewsSSESSMENTS: Coronavirus Pandemic Urged Vietnamese PS Producer To Adjust Export Offers

NewsSSESSMENTS: Sellers In Asia PS Market Facing Fierce Competition, Three Digit Adjustment Applied On HIPS Injection Offers

NewsSSESSMENTS: Indonesian PS Producer Faces Difficulties In Selling PS Cargoes When Manufacturers Choose Not To Operate Amid Physical Restrictions

NewsSSESSMENTS: Malaysian Distributor Facing Delivery Issue For PS And ABS Cargoes

NewsSSESSMENTS: Local Distributor Saw Positive Sentiment In Malaysia PS Market After Relaxation On Industry Activity

NewsSSESSMENTS: Indonesian PS Producer Gave Sneak Peek For May Delivery Offers

Range of local/localized PS offers between April 1 to April 3 on cash/credit term on FD basis, excluding VAT in all terms

originProductTransaction TypeCurrencyOffers/tonEquivalent in USD/tonPayment TermDelivery Country
IndonesiaGPPS InjectionOffer ReceivedIDR18,300,0001,21260 Days Credit TermIndonesia
IndonesiaGPPS InjectionSell IdeaIDR17,500,0001,15930 Days Credit TermIndonesia
ThailandGPPS InjectionOffer ReceivedIDR18,000,0001,19260 Days Credit TermIndonesia
VietnamGPPS InjectionOffer GivenUSD920-930-Cash In AdvanceVietnam
IndonesiaHIPS InjectionOffer ReceivedIDR19,300,0001,27860 Days Credit TermIndonesia
IndonesiaHIPS InjectionSell IdeaIDR18,500,0001,22530 Days Credit TermIndonesia
ThailandHIPS InjectionOffer ReceivedIDR19,550,0001,29460 Days Credit TermIndonesia

Range of import PS offers between April 1 to April 3 on LC at sight, CIF Main Port basis

OriginProductTransaction TypeOffers (USD/ton)Delivery Country
VietnamGPPS InjectionOffer Given920Southeast Asia
VietnamGPPS InjectionBid Received850Southeast Asia

Range of export PS offers between April 1 to April 3 on LC at sight, FOB Vietnam basis

OriginProductTransaction TypeOffers (USD/ton)
VietnamGPPS InjectionOffer Given900

Range of local PS offers between April 6 to April 10 on FD basis, excluding VAT in all terms

OriginProductTransaction TypeCurrencyOffers/tonEquivalent in USD/tonPayment TermDelivery Location
IndonesiaGPPS InjectionOffer GivenIDR17,000,0001,126Cash In AdvanceIndonesia
IndonesiaGPPS InjectionOffer GivenIDR17,500,0001,15930 Days Credit TermIndonesia
IndonesiaGPPS InjectionOffer ReceivedIDR17,000,0001,126Cash In AdvanceIndonesia
IndonesiaGPPS InjectionOffer ReceivedIDR18,300,0001,21260 Days Credit TermIndonesia
VietnamGPPS InjectionOffer GivenUSD1,000-Cash In AdvanceVietnam
IndonesiaHIPS InjectionOffer GivenIDR18,000,0001,192Cash In AdvanceIndonesia
IndonesiaHIPS InjectionOffer GivenIDR18,500,0001,22530 Days Credit TermIndonesia
IndonesiaHIPS InjectionOffer ReceivedIDR19,300,0001,27860 Days Credit TermIndonesia

Range of import PS offers between April 6 to April 10 on LC at sight, CIF Main Port basis

OriginProductTransaction TypeOffers (USD/ton)Delivery Country
South KoreaGPPS InjectionOffer Given860Indonesia
VietnamGPPS InjectionSold860-870Southeast Asia
South KoreaHIPS InjectionOffer Given1,000Indonesia

Range of export PS offers between April 6 to April 10 on LC at sight, FOB Vietnam basis

OriginProductTransaction TypeOffers (USD/ton)
VietnamGPPS InjectionOffer Given830-840

Range of local PS offers between April 13 to April 17 on FD basis, excluding VAT in all terms

OriginProductTransaction TypeCurrencyOffers/tonEquivalent in USD/tonPayment TermDelivery Location
IndonesiaGPPS InjectionOffer GivenIDR17,500,0001,15930 Days Credit TermIndonesia
IndonesiaGPPS InjectionOffer GivenIDR16,300,0001,079Cash In AdvanceIndonesia
IndonesiaGPPS InjectionPurchasedIDR16,800,0001,112Cash In AdvanceIndonesia
IndonesiaGPPS InjectionOffer GivenUSD1,040-1,080-Cash In AdvanceIndonesia
VietnamGPPS InjectionOffer GivenUSD1,000-Cash In AdvanceVietnam
VietnamGPPS InjectionSoldUSD880-Cash In AdvanceVietnam
IndonesiaHIPS InjectionOffer GivenIDR18,500,0001,22530 Days Credit TermIndonesia
IndonesiaHIPS InjectionOffer GivenIDR17,300,0001,145Cash In AdvanceIndonesia
IndonesiaHIPS InjectionOffer GivenUSD1,100-1,140-Cash In AdvanceIndonesia

Range of import PS offers between April 13 to April 17 on LC at sight, CIF Main Port basis

OriginProductTransaction TypeOffers (USD/ton)Delivery Country
SingaporeGPPS InjectionOffer Received920Indonesia
South KoreaGPPS InjectionOffer Given860Indonesia
VietnamGPPS InjectionSold860Southeast Asia
South KoreaHIPS InjectionOffer Received1,000Indonesia

Range of export PS offers between April 13 to April 17 on LC at sight, FOB Vietnam basis

OriginProductTransaction TypeOffers (USD/ton)
VietnamGPPS InjectionOffer Given840

Range of local/localized PS offers between April 20 to April 24 on FD basis, excluding VAT in all terms

OriginProductTransaction TypeCurrencyOffers/tonEquivalent in USD/tonPayment TermDelivery Country
IndonesiaGPPS InjectionOffer GivenIDR16,300,0001,079Cash In AdvanceIndonesia
IndonesiaGPPS InjectionOffer ReceivedIDR17,000,0001,12690 Days Credit TermIndonesia
IndonesiaGPPS InjectionOffer ReceivedIDR17,000,0001,126Cash In AdvanceIndonesia
IndonesiaGPPS InjectionSoldIDR17,500,0001,159Cash In AdvanceIndonesia
ThailandGPPS InjectionOffer ReceivedIDR17,000,0001,12690 Days Credit TermIndonesia
VietnamGPPS InjectionOffer GivenUSD880-Cash In AdvanceVietnam
IndonesiaHIPS InjectionOffer GivenIDR17,300,0001,145Cash In AdvanceIndonesia
IndonesiaHIPS InjectionOffer ReceivedIDR18,000,0001,19290 Days Credit TermIndonesia
IndonesiaHIPS InjectionOffer ReceivedIDR18,000,0001,192Cash In AdvanceIndonesia
ThailandHIPS InjectionOffer ReceivedIDR18,000,0001,19290 Days Credit TermIndonesia

Range of import PS offers between April 20 to April 24 on LC at sight, CIF Main Port basis

OriginProductTransaction TypeOffers (USD/ton)Delivery Country
South KoreaGPPS InjectionSell Idea830Indonesia

Range of export PS offers between April 20 to April 24 on LC at sight, FOB Vietnam basis

OriginProductTransaction TypeOffers (USD/ton)
VietnamGPPS InjectionOffer Given840

Range of local PS offers between April 27 to April 30 on cash, FD basis, excluding VAT in all terms

OriginProductTransaction TypeCurrencyOffers/tonEquivalent in USD/tonDelivery Country
IndonesiaGPPS InjectionSell IdeaUSD950-970-Indonesia
IndonesiaGPPS InjectionOffer GivenUSD930-970-Indonesia
IndonesiaGPPS InjectionOffer GivenIDR16,000,000-16,800,0001,059-1,112Indonesia
IndonesiaGPPS InjectionPurchasedIDR15,000,000993Indonesia
VietnamGPPS InjectionOffer GivenUSD880-900-Vietnam
IndonesiaHIPS InjectionSell IdeaUSD1,020-1,040-Indonesia
IndonesiaHIPS InjectionOffer GivenUSD1,000-1,040-Indonesia
IndonesiaHIPS InjectionOffer GivenIDR17,000,000-17,800,0001,126-1,179Indonesia
IndonesiaHIPS InjectionPurchasedIDR16,000,0001,059Indonesia

Range of import PS offers between April 27 to April 30 on LC at sight, CIF Main Port basis

OriginProductTransaction TypeOffers (USD/ton)Delivery Country
VietnamGPPS InjectionBid Received800-820Southeast Asia
VietnamGPPS InjectionSold850Thailand

Range of export PS offers between April 27 to April 30 on LC at sight, FOB Vietnam basis

OriginProductTransaction TypeOffers (USD/ton)
VietnamGPPS InjectionOffer Given840

Tags: Asia Pacific,English,Monthly,SEA,Styrenics

Published on May 6, 2020 6:55 PM (GMT+8)
Last Updated on June 10, 2020 6:14 PM (GMT+8)

Related posts

QuarterlySSESSMENTS: Q2 2020 SEA PS Prices...

Categories: Asia Pacific,English,Quarterly...

July 9, 2020 6:37 PM (GMT+8)
SSESSMENTS uses cookies to give you the best online experience
Accept