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Import ABS prices gain ground in Vietnam

by ChemOrbis Editorial Team -
  • 09/02/2015 (18:05)
Traders in Vietnam reported that they increased their ABS prices to the import market in line with the recent upward movement in crude oil prices, which also triggered increases in styrene feedstock costs.

A trader stated that they have implemented an increase of $50/ton on their import ABS offers for South Korean origins, bringing their new prices to $1530/ton CIF, cash. He said, “We adjusted our prices upward on the back of firmer styrene costs as well as better demand as buyers are replenishing some stocks before prices increase further.”

A second trader also reported that they raised their ABS prices twice in the previous week due to higher crude oil prices. The trader’s ABS prices for South Korean origins are currently standing at $1540-1550/ton CIF, cash. The seller commented, “Trading activities have revived a bit in line with firmer upstream markets.”

Import ABS prices currently stand at $1520-1550/ton CIF SEA, cash equivalent basis.
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