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Initial June ABS prices from S. Korea emerge higher in Turkey

by ChemOrbis Editorial Team -
  • 26/05/2015 (16:17)
According to a trader in Turkey, initial June ABS prices from a South Korean producer have been announced with an increase of $50/ton from May in line with their limited supply and despite volatile spot styrene prices in Asia.

“The producer blamed their persistently limited allocation for their June hikes. We will probably pay this amount since the seller is not willing to give much ground. We are reluctant to buy much material anyways considering poor demand ahead of the June elections in Turkey,” the trader said.

An agent of a South Korean producer also voiced his expectation to see new June prices with hikes of $60/ton or more from their supplier as availability remains limited while demand in China is also said to be strong these days.

In Turkey, South Korean ABS offers were last reported at $1750/ton for ABS natural and $2080/ton for ABS white, CIF Turkey, cash, no duty.
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