News Code : 43095

Petrotahlil :

ABS extends gains under shadow of fragile demand in China

• Import prices increase $20-40 on week 

• Operating margins for ABS remain poor 

• Sellers not satisfied with slightly improved demand 

• ACN, butadiene, styrene see weekly drops 

• Players hope trade tensions will ease after G20

 

Import ABS market st­ays on uptrend in SEA

• Import ABS up furt­her by $30-50 on week 

• Sellers ask for in­creases amid poor ma­rgins 

• Buying interest be­low expectations 

• ACN, butadiene and styrene lose ground 

• Outcome of G20 Sum­mit closely monitored

 

Fresh smaller decrea­ses anticipated for July ABS in Europe

• Activities slow do­wn further 

• Fundamentals remain weak 

• Butadiene contracts agreed €50 lower for July 

• Players wait for stable to slightly lo­wer July SM 

• Slightly softer ex­pectations prevail for ABS

 

Unsupportive factors hint at a slightly softer trend for July ABS in Italy

• Activities almost muted on softer expectations 

• Buyers sidelined, supply still comfortable 

• Import from S. Korea maintain competitiveness 

• July butadiene contracts settled down by €50 

• July SM awaited stable to slightly down

 

Egypt's ABS markets down to three-year low

• Import ABS offers down by $10-40 

• Distribution market decreases EGP1000 

• Supply still comfo­rtable amid low buyi­ng interest 

• Expectations for July remain bearish

 

July ABS offers from S. Korea emerge in Turkey

• S. Korean ABS revealed stable to lower for July 

• Korean ABS dealt $120 below June 

• May ABS imports rose 27% m-o-m; 17% y-o-y 

• July SM awaited stable to slightly softer in Europe 

• Trading activities remain subdued

 

END 

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