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South Korean ABS producers aim for hikes in Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/03/2015 (15:56)
In Turkey, two different South Korean ABS producers pronounced their new offers for April shipments with hike requests this week. The latest levels represent increases changing between $40-80/ton, reported traders.

A South Korean supplier revealed their April prices at $1800/ton for ABS natural and $2000/ton for ABS white, all CIF Turkey, cash no duty. These offers indicate $40/ton hikes from the most recent March levels. “We received higher levels from our producer but found them high. Thus, we will try to negotiate with our supplier,” a trader said.

A second South Korean producer announced their fresh prices at $1720/ton for ABS natural and at $1950/ton for ABS white with the same terms. Those price levels were up $70-80/ton month over month, according to a trader who received them. “The local ABS market is firm given higher imports and limited prompt supplies,” a trader who was offered those figures argued.

Spot styrene costs rose by almost $90/ton on an FOB South Korea basis week over week. Spot butadiene prices edged up by $10/ton in the same period. When compared to early March, prices gained $50/ton for styrene and $110/ton for butadiene.
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