Prices of styrene in Korea increased by $ 60 / tonne since March, although by the end of this week they crept slowly down. Compared with the beginning of February, an increase of approximately $ 175 / ton. Crude oil prices rose nearly $ 4 / bbl.
In Southeast Asia, a manufacturer of polystyrene increased the price of its goods more than $ 100 since last week. Accordingly, the seller of high impact polystyrene has increased the price of $ 140 / ton. Agent Taiwanese vendor also said, “Our supplier raised the price of polystyrene by $ 90 per ton this week after their increase by $ 50 per ton last week. Demand is relatively quiet this week, as the majority of customers have already secured their needs. ” The manufacturer also announced a price increase on ABS for $ 100 / ton.
“We have enough stocks until April. We expect that trend to continue until, given that the majority of suspensions for maintenance will during the period March-April, “suggested one of the manufacturers of plastic products in Malaysia.