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Trader reduces Taiwanese ABS prices to SEA

by ChemOrbis Editorial Team -
  • 23/10/2014 (11:03)
A trader reported that they have implemented a decrease on their Taiwanese ABS prices due to persistently sluggish demand. The trader cut their ABS offers by $10-20/ton to $1880-1890/ton CIF SEA, cash.

He commented, “Demand remains subdued as buyers are still waiting on the sidelines with the expectation of seeing further decreases. We are not feeling optimistic regarding the near-term outlook.”

In Southeast Asia, import ABS prices are currently standing at $1880-1920/ton CIF, cash equivalent basis.
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