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Second S.Korean ABS producer reveals hefty drops in Turkey

by ChemOrbis Editorial Team -
  • 29/12/2014 (16:35)
In Turkey, a second South Korean ABS producer announced their new January prices with $150/ton decreases month over month. A trader was offered material from the producer at $1650/ton for ABS natural and at $1900/ton for ABS white on CIF Turkey, cash basis. “We have not placed any orders yet as we are waiting for the market to settle before making our next move. Regarding demand, most end users still produce at normal rates, although the volumes we can sell are limited as buyers do not want to purchase beyond their needs,” the trader commented.

Source: ChemOrbis Price Wizard

Another South Korean ABS producer already pioneered three-digit decreases for January in the previous week. A trader received $100-150/ton drops for natural and colored grades from their supplier. “Even if we obtain an additional discount from our supplier, we will not buy more than a small quantity as the year end is nearing and demand is quite thin,” he stated.

In the spite of firmer spot styrene costs in Asia over the week, players in the ABS market kept their weak expectations as feedstock costs still represent significant drops from early December. A trader reported that he did not ask for any prices from their South Korean supplier but he voiced his ABS natural buy ideas as low as $1550-1580/ton CIF for this origin.
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