Import PS offers on LC at sight, CIF China Main Port basis
As reported to SSESSMENTS.COM, a Taiwanese PS producer adjusted import offers to the China market as triggered by the supply condition. Compared to last week, import offers for GPPS Injection and HIPS Injection from a Taiwanese producer surfaced with an upward adjustment of between $10-20/ton. The producer explained that their allocation for August shipment is almost sold out, hence, the company proceeds with a price increase. For GPPS Injection, the offers are available at $970-980/ton on LC at sight, CIF China Main Port basis, while for HIPS Injection offers at $100/ton higher compared to GPPS Injection.
On the supply front, SSESSMENTS.COM was told that the availability of the cargoes are limited as there are still a lot of backlogs need to be cleared. As such, the producer is currently prioritizing the allocation to regular customers. At the moment, the producer’s customers whose producing home appliances claimed that the company’s operating rate is running at above 80% from the normal rate. Looking ahead, the producer voiced out a positive outlook for PS market since supply will most likely remain tight due to maintenance shutdown at another Taiwanese producer’s PS plant in August.
Tags: Asia Pacific,China,English,NEA,News,Styrenics,Taiwan
Published on July 17, 2020 3:22 PM (GMT+8)Last Updated on July 17, 2020 3:22 PM (GMT+8)
