Offers for local, import PS move lower in China

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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