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Import Asian ABS prices see correction in Turkey

by ChemOrbis Editorial Team -
  • 16/06/2015 (15:22)
Traders in Turkey report thet their Far East Asian ABS suppliers adjusted their initial June prices downward for certain origins. Players attributed this situation to thin appetite on part of traders to replenish stocks taking muted overall activity into account.

A Taiwanese producer issued a $25/ton discount on their prices, bringing their recent levels to $1675/ton for ABS natural and $1825/ton for ABS white, CIF Turkey, subject to 6.5% customs duty, cash.

“Our South Korean supplier revised their initial June ABS natural and white offers to $1780/ton and $2150/ton, respectively, all on CIF Turkey, cash no duty basis. These levels indicate drops of $20/ton for natural and $50/ton for white,” a trader commented.

Notable weekly gains in spot styrene and butadiene costs in Asia, which caused a recovery in ABS prices in China late last week, may keep further drops in check next week, according to some players. On the other hand, trading activity is not likely to show a major pick-up any time soon amidst sufficient supplies and the approaching Ramadan.
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