China PS Market Price (06 Nov 2009)

Published: 06 Nov 2009 01:30:39 PST

A trader offers South Korean GPPS injection CFR China main port, subject to 6.0% customs duty, cash at $1150-1160/ton

A trader offers South Korean HIPS injection CFR China main port, subject to 6.0% customs duty, cash at $1230-1240/ton

A trader offers Taiwanese GPPS injection CFR China main port, subject to 6.5% customs duty, cash at $1140-1150/ton

A trader offers Taiwanese HIPS injection CFR China main port, subject to 6.5% customs duty, cash at $1210-1220/ton

A trader reported cutting their offers by $10-20/ton during this week due to the mounting resistance coming from the buyers' side. The trader stated that they have some previously purchased lower-cost materials sitting in their warehouse while adding that they are willing to offer some additional discounts of $10/ton for large purchases.