Turkey’s local ABS market fails to keep up with rising import prices
In early December, the bullish trend in the import market gained speed amidst three digit hikes owing to steep increases in the spot butadiene market in Asia. Tight butadiene availability in the region was blamed as the reason for the spike with prices surging nearly $400/ton on FOB Korea basis throughout December. Spot styrene prices lent support to ABS sellers too for the most part although they displayed a softening trend recently.
According to ChemOrbis Price Wizard, import ABS natural injection prices hit the highest levels since July 2015 on a weekly average price. Based on the data, prices posted a cumulative increase of around $165/ton in the last two months in tandem with soaring price levels in China.

Source: ChemOrbis Price Wizard
However, the increases in the locally-held ABS market lagged behind the bullishness in imports as local prices gained around $25/ton on average this month versus hike announcements between $150-200/ton from Korean and Taiwanese ABS producers.
“We concede to discounts in order to boost our sales since overall ABS demand significantly slowed down during the last weeks of the year which caused supply to loosen recently,” said a distributor.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Asian PS, ABS markets shoot up on production upsets, soaring styrene
- Upsurge continues to wreak havoc on Turkey’s PP, PE markets
- PVC rally roars back in Asia as supply worries mount
- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?