An industry source in the East Mediterranean reports that a Northeast Asian supplier has floated a high-impact polystyrene (HIPS) grade offer around USD 1,250 per metric ton for October 2025 shipment, CFR to a main port in the East Mediterranean. The quoted level suggests the seller is positioning aggressively into that market window, possibly leveraging favorable east-Asian supply or logistical timing.
While market players have not confirmed whether the offer has found takers, the move is being watched as a possible sign of rising pressure from Asian competitors. For East Mediterranean buyers, this level could reset expectations, especially amid recent volatility in resin pricing. The October cargo timeline adds a strategic dimension: many buyers now are balancing forward coverage against inventory risks, and such an offer may appeal to those seeking early supplies in anticipation of tightening later.
Given prevailing shipping costs, freight schedules, and local supply dynamics, a USD 1,250/mt CFR offer represents a competitive push. Whether this results in active transactions remains to be seen, but it’s likely to sharpen negotiating stances in the HIPS market for the region heading into Q4 2025.
