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Taiwanese producer reduces ABS prices to Turkey

by ChemOrbis Editorial Team -
  • 21/10/2014 (13:55)
A Taiwanese producer reduced their ABS offers to Turkey for the third time in October. A trader was offered $50/ton decreases from the supplier when compared to last week, which brought the total drop amount to $145/ton from the producer’s most recent September levels.

The latest ABS offers from the producer currently stand at $1950/ton for natural and at $2100/ton for white, all on a CIF Turkey, subject to 6.5% customs duty, cash basis. These levels are down $85/ton from initial October announcements. “We expect prices from our Taiwanese supplier to move down some more in November,” the trader who received these prices said. The producer’s most recent ABS natural prices in China were reported at $1980-1990/ton CFR China, subject to 6.5% customs duty, cash.

In Turkey, the localization costs of Taiwanese ABS roughly come to $2100/ton for natural and $2270/ton for white grade on an ex-warehouse Turkey, cash not inc VAT after adding customs duty and a clearance cost of $30/ton without considering distributors’ margins. The lowest non-dutiable South Korean natural and white prices, meanwhile, were reported at $1950/ton and $2200/ton CIF Turkey, cash for which the localization costs come to $1980/ton and $2230/ton, respectively without margins. This calculation shows that Taiwanese ABS materials are still less competitive than duty free South Korean origins.
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