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Initial South Korean ABS prices emerge for May in Turkey

by ChemOrbis Editorial Team -
  • 22/04/2015 (11:37)
A trader in Turkey reported receiving new May offers from a South Korean producer with hikes of $150/ton month over month. The producer cited limited supplies and higher production costs as the main reason behind their sizeable increase request.

“We had to purchase some ABS natural from the supplier as we had low prompt availability. Indeed, we had expected a relatively modest increase announcement from the producer,” the trader said.

In upstream news, spot styrene prices soared $80/ton on an FOB South Korea basis to be reported at $1400/ton while spot butadiene costs surged $55/ton with the same terms to be quoted at around $1030/ton.
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