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Vietnamese trader receives higher ABS price from South Korea

by ChemOrbis Editorial Team -
  • 16/04/2015 (16:17)
A trader in Vietnam reported that they received a higher ABS offer from their South Korean supplier at $1620/ton CIF, cash. He stated, “Our supplier issued an increase of $25-30/ton on their ABS offers when compared to the price we received three days ago. We are not planning to make any fresh purchases for the near term as we still have sufficient stocks.”

In Asia, firmer spot styrene costs are supporting higher levels for PS and ABS prices nowadays. Spot styrene on an FOB South Korea basis climbed around $130/ton week over week to be currently quoted at $1355/ton.

Import ABS prices currently stand at $1620-1650/ton CIF SEA, cash equivalent basis.
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