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AUGUST 16,2019
The Asian PS market has fallen steadily this week
2019-08-16 17:09
This week, the price of Asian PS market dropped steadily, ranging from $5 to $15 per ton, CFR China GPPS fell $15 per ton to $1130 per ton, CFR China HIPS fell $5 per ton to $1220 per ton, CFR Southeast Asia GPPS closed steadily at $1190 per ton, and HIPS fell $5 per ton to $1265 per ton. Market wait-and-see sentiment is strong. The RMB exchange rate is on the high side, and the cost of exporting to China increases. However, when trade frictions ease, market sentiment eases slightly, but there is still a certain degree of caution.
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