S. Korean ABS producer seeks hefty April hikes in Turkey
by ChemOrbis Editorial Team - content@chemorbis.com
In Turkey, initial South Korean ABS offers started to emerge for the month of April. An agent of a producer reported receiving three digit increases from his supplier for the new month. According to ChemOrbis Price Index, import ABS natural injection prices hit the highest levels since mid-September, 2015.
“We have been offered hefty increases of $220/ton for ABS natural and $130/ton for colored grades. Our supplier justified their increase decision with their tight supplies as well as higher spot styrene and butadiene costs in Asia. The producer is not willing to give much ground on their new prices, we feel,” the trader mentioned.
Although spot styrene and butadiene costs in Asia edged down by $10/ton on FOB South Korea basis week over week, they still indicated $65-75/ton increases compared to the beginning of March.
A similar picture is valid in China, where ABS suppliers hold a firmer pricing policy citing their limited availability as well as higher production costs although overall trade is not spectacular. In Southeast Asia, the import ABS market hit 7 month highs, according to ChemOrbis Price Index, on the back of healthy demand and higher costs.
“We have been offered hefty increases of $220/ton for ABS natural and $130/ton for colored grades. Our supplier justified their increase decision with their tight supplies as well as higher spot styrene and butadiene costs in Asia. The producer is not willing to give much ground on their new prices, we feel,” the trader mentioned.
Although spot styrene and butadiene costs in Asia edged down by $10/ton on FOB South Korea basis week over week, they still indicated $65-75/ton increases compared to the beginning of March.
A similar picture is valid in China, where ABS suppliers hold a firmer pricing policy citing their limited availability as well as higher production costs although overall trade is not spectacular. In Southeast Asia, the import ABS market hit 7 month highs, according to ChemOrbis Price Index, on the back of healthy demand and higher costs.
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