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South Korean producer cuts ABS prices to China

by ChemOrbis Editorial Team -
  • 09/01/2015 (16:18)
A source from a South Korean producer reported that they reduced their ABS prices to China by $50/ton in the face of plunging styrene costs, which are putting downward pressure on the market. The producer’s new ABS price stands at $1500/ton CFR China, cash.

The source stated, “Demand remains muted as spot styrene prices are retreating. We are feeling bearish regarding the near term outlook.”

In Asia, spot styrene prices have declined around $100-105/ton week over week to be quoted at $835-840/ton on an FOB South Korea basis.

Import ABS prices in China are currently standing in the range of $1500-1550/ton CFR China, cash equivalent.
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