News Code : 42707

• Import GPPS prices follow stable trend • Import HIPS moves up by $10 on week • Strong crude gives an upper hand to sellers • Buying sentiment cautiously recovers • Styrene fails to maintain last week’s rebound • Import ($/ton): GPPS 1300-1320| HIPS 1310-1390 CIF

Petrotahlil:

PS slightly up in SEA under shadow of fluctuating styrene

• Import PS stable to $10 higher on week 

• April allocations sold out, sellers offer May shipments 

• Bullish crude oil supports sellers’ firm stance 

• Styrene fails to sustain its rebound, sees weekly drops 

• Pre-Ramadan demand for GPPS starts to fade

• Import PS ($/ton): GPPS inj. 1280-1340 | HIPS inj. 1310-1390 CIF

 

European PS market absorbs cost-driven hikes

• Sellers scale hike targets from €110-120 down to €90-100 

• Ongoing bullish trend discourages demand 

• Buyers’ stocks are quite high due to previous pre-buying 

• Sellers are not under sales pressure, supply is sufficient

• Local spot (€/ton): GPPS 1340-1440 | HIPS 1440-1540 FD

 

Bullish trend pushes PS buyers to the sidelines in Italy

• Hikes of €90-100 start to pass on April deals 

• Thin activities on flimsy demand 

• Fundamentals are more balanced amidst weaker demand, sufficient supply 

• Many buyers skip or limit purchases to urgent needs

• Import (€/ton): Turkey HIPS 1370 DDP 

• Local spot (€/ton): GPPS 1325-1400 | HIPS 1420-1500 FD

 

Egypt’s import PS market stable to firm despite weak demand

• Import HIPS offers up by $10 

• Higher crude, styrene support import market 

• Local GPPS prices stable, HIPS down by EGP1000 

• Slow demand, tight liquidity pressure the market

• Import PS ($/ton) GPPS 1320-1380 | HIPS 1400-1425 CIF

 

Turkish PS players monitor volatile costs, parity

• Rising USD/TRY keeps players cautious 

• Local PS mostly steady, supply moderate 

• European hikes trimmed on thin interest

• Europe (€/ton): GPPS 1250-1280 | HIPS 1360 CIF 

• Korea ($/ton): GPPS 1350-1410 | HIPS 1430-1470 CIF 

• Local ($/ton): GPPS 1670-1710 | HIPS 1760-1830 inc VAT

 

Send Comment

view latest news
More News