China PS Market Price (04 Nov 2009)

Published: 05 Nov 2009 00:42:44 PST

A producer offers Hong Kong GPPS injection CFR China main port, cash at $1240-1250/ton

A producer offers Hong Kong HIPS injection CFR China main port, cash at $1330-1340/ton

A producer offers Hong Kong HIPS injection FD China main port, cash inc VAT at cny10600-11000/ton ($1327-1377/ton without VAT including delivery)

A producer reported decreasing their import GPPS and HIPS offers by $10/ton due to weak demand and poor sales. However, for the domestic market, they left their offer levels unchanged as locally-held materials are selling better these days. According to him, PS prices will remain stable over the near term.