Wednesday, April 14, 2010

Firming prices, improved sales lead to higher PS offers by overseas producers to China

Two overseas producers have increased new PS offers to the Chinese market this week, citing firming market prices and improved sales as the reasons for their price hikes, as per Chemorbis. A producer from Taiwan announced an increase of US$30/ton on their offers to China this week, bringing their new prices to $1440/ton for GPPS and to $1530/ton for HIPS, CFR China, cash basis.

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