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Taiwanese producer apply further ABS decreases in Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/12/2014 (15:54)
In Turkey, Taiwanese import ABS prices recorded additional decreases this week. A trader received $50/ton lower offers from his supplier with respect to initial December announcements. The supplier’s total drop amount reached $90/ton for this month.

Accordingly, the producer’s ABS natural price broke below $1800/ton threshold. Prices for this origin stand at $1750/ton for ABS natural and at $1900/ton for ABS white, all on a CIF Turkey, subject to 6.5% customs duty, cash basis. “Our Taiwanese producer issued decreases recently in line with our expectations. However, we are not willing to purchase material considering this origin’s duty disadvantage,” a trader reported.

Spot styrene costs sank to the lowest levels since September 2009 recently to be quoted as low as at $830/ton FOB South Korea. The latest figure represented a drastic drop of more than $200/ton week over week.
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