Asian PS: Prices jump; margins remain under pressure / Supply constraints drive PS prices higher / Transaction volumes fall amid cost pressures / Producers consider cutting operation rates

Oct 31, 2026

Asian Polystyrene prices continued to remain high, supported by limited supply and higher tradable indications. GPPS CFR China at $1,570/metric ton Oct. 28, up $70/mt week over week, reflecting higher domestic prices and feedstock costs heard. A Northeast Asian seller told that transaction volumes in China are decreasing as factories cannot afford the raw material costs. However, not all market participants shared the same view. Some market participants shared that there were some discussions to import GPPS into China following production cuts heard domestically. “GPPS price cannot support the feedstock, they [producers] will choose to cut operation rates,” a Northeast Asia-based producer said. HIPS CFR China at $1,650/mt Oct. 28, up $50/ mt week over week, tracking the CFR Southeast Asia market. Earlier in the day, a Chinese seller shared...

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