Asian ABS: Stable amid limited discussions City lockdowns in China lower the demandUncertain outlook on covid and upstream pricesAsian Acrylonitrile-butadiene-styrene (ABS) spot
importing CFR China price was assessed stable on the week at $1,910-1,930/mt
CFR China and unchanged for the same period at $1,960-1,980/mt CFR Southeast
Asia on April 13. Spot
discussions in Asia ABS were shrinking because of a muted importing demand.
Sources said that due to the ongoing covid epidemic in east China and logistic
restrictions, there is less demand for home appliance production. Sources said that microchips used to make the home
appliances are made in Jiangsu, but due to logistical curbs, downstream
suppliers will experience delays in final product delivery. A market source said that final product deliveries are being
delayed because trucks cannot transit smoothly across provinces. Market participants...