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Asian ABS: Further slippage amid bearish markets  |  Styrene appears more stable  |  Butadiene dips further

Asian ABS: Further slippage amid bearish markets | Styrene appears more stable | Butadiene dips further

Nov 10, 2022

Asian ABS: Further slippage amid bearish markets-  Styrene appears more stable-  Butadiene dips furtherAsian acrylonitrile-butadiene-styrene down
$20/mt week on week at $1,300/mt CFR China Nov. 9 with a mostly bearish market
heard currently. On
an import-parity basis, the ABS price in China was at Yuan 11,350-12,000.50/mt.
This is approximately $1,310-1,391/mt. According
to sellers on the international market, China-based buyers are unlikely to want
to purchase at more than $1300/mt CFR China. Feedstock styrene monmer rose $2/mt to $925/mt CFR China
week-on-week. This may be a support for the future, provided that feedstock
prices remain stable. Butadiene dropped
$40/mt to $740/mt China during the same period. Meanwhile, acrylonitrile rose
$5/mt weekly to $1,610/mt Northeast Asia on Nov. 8.Asian ABS Weekly reason









acrylonitrile-butadiene-styrene CFR China
down $20/ mt week on week at $1,300/mt Nov. 9, considering...

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