Asian ABS: Weaker than stable during upstream weakness- Low liquidity, low demand- Firm offers on low marginsAsian acrylonitrile-butadiene-styrene lower
at$1,375/mt for the CFR China index in the week to March 15.The corresponding
CFR Southeast Asia marker was assessedstable on the week at $1,400/mt.Domestic
Chinese prices were largely unchanged from theprevious week, although market
participants expected increasingpressure from limited liquidity and thinning
demand.Weaker upstream prices for styrene monomer and limitedliquidity meant
that buyers were generally unwilling to acceptcargoes at current offer
levels.Sellers largely held firm on their offer levels given the currentmargins
but participants expected increased room for buyers tonegotiate.The Southeast
Asian market continued to see limited liquidity.Asian ABS Weekly reason











Asian acrylonitrile-butadiene-styrene lower
weekon week at $1,375/mt CFR China March 15, below offers in the$1,400-$1,420/mt
range and in line with...