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Turkey’s domestic PS producer issues June prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/06/2016 (10:06)
In Turkey, domestic PS producer Aschem issued their new June prices this week. Accordingly, Aschem’s new GPPS offers are reported at $1280-1285/ton FCA Adana, Yumurtalık, Turkey, cash not inc VAT. The producer also started to offer HIPS this month after being absent from the HIPS market for some time, with prices at $1320-1325/ton with the same terms.

Aschem’s recent GPPS offers stand below their latest May prices in spite of higher styrene contracts in Europe. Lower GPPS prices from the seller were attributed to the fact that demand has been moderate during the last couple of months in Turkey amidst a bearish trend while competitively priced import cargos have weighed down on local market sentiment.

Meanwhile, the producer’s most recent price levels are said to be receiving a positive response from buyers and are deemed reasonable by players.
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