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South Korean producer cuts ABS, HIPS offers further to China

by ChemOrbis Editorial Team -
  • 23/05/2017 (16:19)
A source from a South Korean producer reported that they have implemented further decreases on their ABS and HIPS offers to China due to lower butadiene prices.

In Asia, spot butadiene prices have retreated by around $215/ton since the beginning of May to be currently reported at $1060/ton as of May 22.

The producer cut its ABS and HIPS offers by $30/ton from last week to $1600/ton and $1320/ton CFR China, cash basis, respectively.

The source opined, “We are not sure about the reason for lower butadiene prices .We expect the market to stabilize soon as our customers will not make any purchases so long as the downturn continues.”
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