Asian ABS Weekly Comments- Demand stable- Falling Feedstock CostsAsian acrylonitrile-butadiene-styrene was
assessed stable at $1,360/mt CFR China and at $1,400/mt CFR Southeast Asia in
the week to March 1. Yuan
11,200/mt. Domestic China prices were at the same levels as last week. The import-parity value rose to $1,341/mt due to a stronger
US Dollar. Feedstock prices fell in the
week ending March 1. Styrene monomer
dropped $7.50/mt to $1,110/mt China during the week. Acrylonitrile dropped $15/mt this Week to $1,565/mt Far East
Asia, the last assessment February 28. Butadiene
fell $20mt to $1,220/mt China March 1. However,
input costs were still high relative to current levels Asian Petrochemicalscan
March 3rd 2023. All rights reserved. 18. Margins are expected to remain negative. "Demand is still very low. A producer said that the [demand] situation in China isn't
clear improved."Asian ABS Weekly reason...