Asian ABS Stable Despite gains upstream■ Bridging the gap between selling and buying■ Lower automotive and appliance demand slows down buying
appetite





Asian acrylonitrile-butadiene-styrene, or
ABS, stayed flat on the week at $1,745-1,780/mt CFR China and $1,795-1,830/mt
CFR Southeast Asia on June 1, despite the gains in upstream styrene monomer
over the week. Sources
suggested that buyers' estimates were lower than $1650-1680/mt due to lower
domestic prices. Offers remained stable at
$1.750-2.500/mt CFR China. Domestic China
domestic: Quick delivery cargo discussions were held at Yuan 12,700-13.400/mt,
or $1,568-1.671/mt if import parity is considered. One producer stated that cargoes are plentiful right now and
another pointed out that China's inventory levels were high. Shanghai lockdowns, which began in April, have disrupted
regional logistics and hampered import/export. They also had a negative effect
on the automotive and home appliances...