News Code : 43122

Petrotahlil :

ABS prices continue to rise in China despite demand conditions. 

• Suppliers apply further price hikes after G20 

• Import market climbs $20-40 on week 

• ABS producers’ operating margins remain poor 

• Buyers stick to need-based purchases 

• ACN slumps further, styrene up on week

• Import prices ($/ton): 1460-1560 CIF

 

SEA ABS market starts July on firm footing. 

• Import ABS stable to $20 higher on week 

• Operating margins for ABS remain poor 

• Demand still limited to buyers’ needs 

• Spot ACN sees three-digit drop on week 

• Spot styrene up on week

• Import ABS inj. ($/ton): 1450-1530 CIF

 

Lower styrene pulls ABS prices down for July in Italy. 

• €40-50 decreases surface in July ABS market 

• July SM settled with drops of €48 

• Supply-demand dynamics still unbalanced 

• A few sellers may concede to larger discounts

• Local ABS (€/ton): ext. 1460-1560 | inj. 1460-1560 FD

 

ABS sellers apply declines matching softer SM outcome in Europe. 

• SM closed €48 lower for July 

• ABS sellers start to announce their offers for July 

• ABS prices may see extra reductions during the month 

• Demand has yet to improve

• Local ABS (€/ton): ext. 1530-1610 | inj. 1530-1610 FD

 

Near-term outlook for ABS under discussion in Turkey. 

• July styrene down €48 in Europe 

• European ABS surfaces €30 below H2 June levels 

• Asian ABS makers reportedly trim operating rates 

• Sellers: Downtrend might be coming to a halt

• Import (N) ($/ton): Korea ABS 1420-1450 CIF 

• Import (N) (€/ton): Europe ABS 1370 CIF 

• Local (N) ($/ton): 1600-1660 not inc. VAT

 

Weak buying interest prevails in Egypt’s ABS markets. 

• Import ABS offers down by $10 

• Distribution market unchanged 

• Weak costs continue pressuring the market

• Players stick to back-to-back buying strategy

• Imports ($/ton): 1450-1520 CIF

 

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