Chinese producers maintain steady offers for PS

27-Jun-07

Sinopec Guangzhou Petrochemical General Work maintained normal production and kept offers for polystyrene steady. The ex-work offer for GPPS 525 was RMB13100/mt and for HIPS 660 was RMB13300/mt; while the offer for cargo sold to adjacent market was given at RMB12550/mt and RMB12750/mt (no invoices provided) respectively. Zhanjiang Xinzhongmei Chemical Industrial Co., Ltd. kept PS offers stable. The ex-work offer for GPPS was RMB13100/mt; while the offer for cargo sold to adjacent market was given at RMB12450/mt (no invoices provided). The ex-work offer for HIPS was RMB13200/mt; while for whole sale volumes, the company gave some discounts. SK Polystyrene (Shantou) Co., Ltd. kept its offers for PS unchanged -offering GPPS SKG118 no higher than RMB13100/mt.