News Code : 42509

PETROTAHLIL :
Import ABS stuck between firm costs, weak demand in SEA
• Import ABS tracks a steady trend 
• Sellers maintain firm stance given high costs 
• Yet, resistance on the buyers’ side continues 
• Spot ACN jumps $70 on week, butadiene flat 
• Spot styrene fluctuates for another week
• Import ABS inj. ($/ton): 1540-1600 CIF

 

ABS sellers maintain firm stance in China, buyers resist
• Import offers stable to up $10 
• Demand remains weak amid ample supplies 
• Spot ACN hits $1700 CIF China level 
• Styrene keeps fluctuating 
• Butadiene stable on week
• Import prices ($/ton): 1520-1600 CIF

 

Higher costs push European ABS market up in March
• March SM fully concluded €60 higher 
• Increases between €50 and €75 surface for March 
• Buyers negotiate to pay smaller increases of €40-50 
• Demand is expected to rise on current increases, firmer April outlook 
• Supply remains comfortable 
• Spot ACN prices jump on Ineos Nitriles’ FM, stronger costs
• Local ABS (€/ton): ext. 1630-1700 | inj. 1620-1700 FD

 

ABS sellers target cost-driven hikes in Italy. 
• March styrene contracts settled €60 higher 
• Market turns firmer on stronger feedstock costs 
• Sellers seek increases between €50 and €75 
• Demand is calm for the moment, no supply concerns 
• Ineos Nitriles still in FM on ACN output from Cologne
• Import ABS (€/ton): S. Korea inj. 1500 DDP 
• Local ABS (€/ton): ext. 1590-1680 | inj. 1580-1660 FD

 

Egypt’s import ABS market resumes firming on higher costs
• Import ABS offers up by $10-30 
• Domestic market steady for 4th week 
• Collection problems hamper sales, inquiries still limited 
• Local sellers willing to accept lower deals
• Import ABS ($/ton): 1580-1650 CIF

 

New European ABS offers emerge in Turkey
• Styrene hikes were partially reflected on ABS 
• Demand is in balance with reduced supplies 
• Players’ near-term expectations call for stability 
• Surging ACN prices will be closely tracked
• Import (N) ($/ton): Korea ABS 1570-1600 CIF 
• Local (N) ($/ton): 1650-1750 not inc. VAT

 

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