News Code : 42758

• Demand slackens further ahead of festivities • No price changes week over week • Activities almost muted in the days ahead due to holiday lull • Early May expectations are calling for fresh albeit smaller hikes • Import (€/ton): Russia GPPS 1240 | Iran GPPS 1260 | S. Korea GPPS 1260-1270 | HIPS 1340 DDP • Local spot (€/ton): GPPS 1320-1400 | HIPS 1420-1500 FD

Petrotahlil-

Import PS prices stable in SEA; styrene remains volatiler

• Fluctuating styrene limits PS trading activity 

• Most sellers maintain offer levels 

• Taiwanese PS dealt with slight discounts 

• Buyers cautious about large-scale purchases 

• Crude oil futures continue to rise

• Import PS ($/ton): GPPS inj. 1280-1340 | HIPS inj. 1300-1400 CIF

 

PS faces divergent pricing policies in China

• S. Korean, SEA suppliers hike PS prices 

• Offers from Taiwan stable with discounts on deals 

• Chinese producer keeps local PS offers steady 

• Players cautious amid ongoing volatility in styrene 

• Firm crude helps sentiment to some extent

• Import ($/ton): GPPS 1280-1320| HIPS 1300-1400 CIF

 

European PS players: sellers may target fresh hikes in May

• April business mostly concluded up by €90-100 

• Fundamentals are balanced on weak demand, sufficient supply 

• Players will leave their desks ahead of Easter festivities 

• Sellers may preserve firmer stance in May on higher costs 

• Buyers wonder if possible fresh hikes will be workable in May

• Local spot (€/ton): GPPS 1330-1430 | HIPS 1430-1530 FD

 

Egypt’s import PS market puzzled by volatile costs

• Import PS offers track feedstock movements 

• Distribution market prices remain steady-to-soft 

• E-Styrenics April prices largely stable from March 

• Slow demand, tight liquidity overshadow markets

• Import PS ($/ton): GPPS 1300-1400 | HIPS 1380-1430 CIF

 

Import PS stabilizes at around 5-month high in Turkey

• Prices rather flat from last week 

• High USD/TRY parity limits trading 

• Iranian sellers open for discounts 

• SM down in Asia, up in Europe on week

• Europe (€/ton): GPPS 1250-1280 | HIPS 1350-1360 CIF 

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

• Local ($/ton): GPPS 1650-1710 | HIPS 1730-1830 inc VAT

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