In China, domestic and regional producers have reduced their offer levels this week in response to softening demand and bearish market sentiment, as per Chemorbis. In the local market, two B-grade prooducers reported concluding some deals with discounts of CNY700-800/ton (US$103-117/ton) from their initial offer levels, with deals done ex-warehouse China, cash inc VAT at US$1352-1377/ton without VAT for GPPS and with the same terms at US$1440-1452/ton without VAT for HIPS.
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Thursday, March 18, 2010
Offers for local, import PS move lower in China
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