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NewsSSESSMENTS: Triggered By SM Price Movement, Indonesian Trader Adjusted Import GPPS Offers From South Korea

Author: SSESSMENTS

As reported to  SSESSMENTS.COM, an Indonesian trader adjusted import GPPS Injection offers of South Korea origin as triggered by the uptrend in SM prices. Compared to last week, the trader decided to increase offers for the South Korean GPPS Injection cargoes by $50/ton on firmer SM prices, currently available at $970/ton on LC at sight, CIF Indonesia Main Port basis. While for ABS Injection and HIPS Injection, the trader’s offers remain stable as compared to the same period. However, the overall response remains cold; no deals were reported until the time of publication.

Import ABS, PS offers on LC at sight, CIF Indonesia Main Port basis

OriginProductTransaction TypeOffers (USD/ton)
South KoreaABS InjectionOffer Given1,370
South KoreaGPPS InjectionOffer Given970
South KoreaHIPS InjectionOffer Given1,020

Tags: Asia Pacific,English,Indonesia,Korea,News,SEA,Styrenics

Published on July 29, 2020 4:10 PM (GMT+8)
Last Updated on September 17, 2020 4:00 PM (GMT+8)