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Initial May ABS offers from South Korea emerge in Turkey

by ChemOrbis Editorial Team -
  • 25/04/2016 (15:08)
A trader in Turkey report receiving fresh May offers from a South Korean ABS producer today. Accordingly, the supplier revealed $30/ton discounts from April in tandem with the trend in China.

“Our supplier sounded open to further discounts and we plan to negotiate this week. The discount amount is not enough since the producer issued sharp hikes exceeding $200/ton for April. Demand is sluggish in Turkey,” the trader stated.

Turkey’s import ABS natural market has been on a bullish trend since early February this year, according to ChemOrbis Price Index, following a long bearish trend of around 7 months.

A stable to soft outlook was in place in China recently as well in the midst of slowing demand and volatile feedstock costs. Players report that ABS producers concluded deals below their initial prices.

Source: ChemOrbis Price Wizard
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