News Code : 43220

Petrotahlil :

PS prices in China stable to softer on weak sentiment, fresh tariffs. 

• Styrene weakness underpins lower offers 

• Taiwanese producers cut operating rates 

• Downstream buyers not stocking up 

• Fresh US tariffs add to market caution

• Import ($/ton): GPPS 1180-1230 / HIPS 1270-1310 CIF

 

PS activity limited in SEA amid expectations of further drops. 

• Import prices remain stable to soft 

• Sellers willing to give extra discounts in deals 

• Buyers avoid purchasing beyond their needs 

• Volatility continues in styrene market

• Import PS ($/ton): GPPS inj. 1180-1240 | HIPS inj. 1270-1350 CIF

 

Italy’s PS market to change direction in Aug after higher SM. 

• Aug SM settles €33 higher 

• PS set to see stable to firmer trend after 2 months of drops 

• West European producer announce €45 hikes 

• Buyers expect stable prices on calm demand 

• Activities will be calmer on summer lull

• Local spot (€/ton): GPPS 1070-1180 | HIPS 1170-1280 FD

 

Sentiment improves among PS sellers amid firmer SM in Europe. 

• Aug styrene contracts are up by €33 

• Fresh PS offers to emerge stable to firmer 

• Europeam major announces €45 hikes 

• Sellers: higher SM will halt downtrend in PS market 

• Buyers wait for fresh offers

• Local spot (€/ton): GPPS 1140-1240 | HIPS 1240-1340 FD

 

Turkey’s June PS imports shrink 35% in June. 

• Sentiment remains weak on holiday lull 

• Aggressive Iranian PS prices weigh on sellers 

• European styrene contract settles up €33

• Korea ($/ton): GPPS 1200-1220 | HIPS 1260-1280 CIF 

• Iran ($/ton): GPPS 980-1000 | HIPS 1020-1040 CPT 

• Local ($/ton): GPPS 1360-1450 | HIPS 1580-1630 inc VAT

 

Egypt’s import PS market down to lowest in almost three years. 

• Import prices slightly down by $10 

• Distribution market levels steady 

• Players wonder whether bottom is near 

• Thin trading activities amid sluggish demand 

• Stock levels still high

• Import PS ($/ton): GPPS 1200-1250 | HIPS 1260-1330 CIF

 

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END 

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