- Automotive sector shows strength- ABS supply long



Asian imports pressured the European
acrylonitrile-butadiene-styrene market in the seven days to May 31, with demand
sluggish across most sectors and supply long. A market source stated
that ABS demand was low due to seasonality. The automotive industry is showing signs of strength. Source: Some forecasts indicated that ABS production would
increase by up to 7% annually in 2023. However, the reality could be different. The source stated that the automotive sector could have a
slightly higher demand than other sectors, because it was still operating off
of orders from the previous months. Source:
The automotive industry is expected to maintain its current conditions over the
summer. According to a producer/trader,
the ABS market is dominated by automotive demand. This accounts for 20%-25%. Market sources reported that there was...