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More Far East Asian May ABS offers revealed higher to Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/04/2015 (16:43)
After a South Korean ABS producer pioneered May hikes of $150/ton earlier this week, a second South Korean supplier approached Turkey with increase requests of the same amount. A trader reported receiving new offers at $1780-1800/ton for natural and $2080-2100/ton for white grade, CIF Turkey, cash no duty. “We plan to apply a smaller increase of around $50/ton on our local prices in order to maintain our competitiveness with European origins,” the trader stated.

Similarly, a Taiwanese ABS maker announced their new May offers with $50/ton hikes. The supplier’s latest offers were reported at $1750/ton for natural and at $1900/ton for white, CIF Turkey, subject to 6.5% customs duty, cash. “We hesitate to replenish our stocks at those levels since they are quite high,” a trader noted.
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