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European PS, ABS prices surface for June in Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/06/2015 (10:38)
European PS and ABS prices started to be revealed with slight increases in Turkey this week. Accordingly, the latest levels for a West European origin indicate small hikes with respect to the most recent May levels.

A trader reported his new offers at €1510/ton ($1676/ton) for GPPS and €1590/ton ($1765/ton) for HIPS CIF Turkey, cash. These levels were respectively up by €10/ton and €20/ton. The announcement followed the €20/ton higher styrene settlements in the region. “The Euro/USD parity has moved up recently, which may hurt our competitive power. Buying interest is low,” the trader stated.

Also, the trader received €20/ton higher ABS offers from his West European supplier. “We are yet to start offering for June as we have to negotiate with our source first. It is hard to replace material at current levels since there are competitive Asian cargoes in the market and trade is slow ahead of the elections,” he added.
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