News Code : 42839

Petrotahlil:

Muted demand puts pressure on PS prices in SEA

• Import prices stable to $10 softer 

• Demand fades ahead of Ramadan 

• Suppliers feel free from sales pressure 

• Spot styrene slightly up on week 

• Crude oil retreats from 6-month high

• Import PS ($/ton): GPPS inj. 1280-1320 | HIPS inj. 1300-1380 CIF

 

PS stable to softer on subdued trading in China

• Import HIPS stable on week, GPPS down by $10 

• Trading subdued on Labor Day holiday 

• Styrene’s weekly gain fails to boost sentiment 

• Crude oil retreats from six-month high 

• China’s March PS imports up 13% on month

• Import ($/ton): GPPS 1280-1310 | HIPS 1300-1400 CIF

 

European majors announce PS hike targets for fourth consecutive month

• SM settles up by €32.50 for May 

• Hike targets of €40-50 revealed from Ineos and Trinseo 

• Buyers are on a wait and see stance at the moment 

• More sellers may reveal hike targets in the days ahead 

• Activities are expected to revive in the short term

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

 

May SM settles slightly higher, PS sellers adopt a firmer stance in Italy

• May SM settles €32.50 higher 

• Ineos and Trinseo announce increases of €40-50 

• Thin activities on Labour Day holiday 

• More offers awaited on a firmer note 

• Buyers aim to pay mostly stable prices

• Local spot (€/ton): GPPS 1330-1400 | HIPS 1420-1500 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

 

Asian PS offers see correction in Turkey

• Korean prices trimmed $30 on both ends 

• Activity remains tied to needs 

• European PS up €40 on higher styrene 

• Q1 PS imports down 3% y-o-y 

• Stable to softer sentiment persists in Asia

• Europe (€/ton): GPPS 1320 | HIPS 1400 CIF 

• Korea ($/ton): GPPS 1320-1380 | HIPS 1400-1440 CIF 

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

 

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