Initial South Korean ABS prices emerge for April in Turkey
by ChemOrbis Editorial Team - content@chemorbis.com
April ABS offers from South Korea started to be announced to Turkey this week with initial levels representing $70-80/ton hikes from March.
A trader reported receiving new ABS offers for a South Korean origin at $1720/ton for natural and $1950/ton for white grade CIF Turkey, cash no duty. “We attribute these increases to supply limitations,” he said.
Upstream, spot styrene prices in Asia have gained $10/ton on an FOB South Korea basis with respect to early March while butadiene costs surged $100/ton with the same terms over the same period, although prices have moderated for both products recently in the wake of softening crude oil costs.
A trader reported receiving new ABS offers for a South Korean origin at $1720/ton for natural and $1950/ton for white grade CIF Turkey, cash no duty. “We attribute these increases to supply limitations,” he said.
Upstream, spot styrene prices in Asia have gained $10/ton on an FOB South Korea basis with respect to early March while butadiene costs surged $100/ton with the same terms over the same period, although prices have moderated for both products recently in the wake of softening crude oil costs.
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