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Taiwanese ABS producer issues additional price cut to Turkey

by ChemOrbis Editorial Team -
  • 12/11/2014 (16:28)
In Turkey, a Taiwanese ABS producer lowered its natural and white offers today, the second consecutive drop in a row for November. The producer’s latest offers are now at $1890/ton for ABS natural and $2040/ton for ABS white, all on CIF Turkey, subject to 6.5% customs duty, cash basis. These levels indicated $30/ton decreases compared to the producer’s initial November levels.

A trader who received the recent levels from the Taiwanese source stated that he is not planning to purchase any material nowadays given the bearish market trend and generally calm activity in Turkey.

During the period between January and September, Turkey imported 4627 tons of Taiwanese ABS, down 53% from 7099 tons during the first 9 months of last year amidst tough competitive pressure from duty free South Korean cargos.
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