Asian ABS - Prices remain flat despite muted discussions■ Asian ABS Prices Track Domestic China Prices■ Producers face higher costs due to high styrene levelsAsia's demand for acrylonitrile-butadiene-styrene was weak, as the upstream styrene prices rally has significantly
reduced ABS margins over the past weeks. Southeast Asia's demand was weak. Producers indicated low
profitability following a recent rise in acrylonitrile butadiene styrene prices. On a CFR Southeast Asia basis, selling indications remained
unchanged at $1,500/mt. Producers are
reluctant to lower prices despite having lower margins. According to Northeast Asia, prices remained stable due to
low end-user demand. On a CFR China, ABS
offers were heard for $1,430/mt, while bids were heard for less than $1,400/mt. Producers were unwilling to sell at lower prices, which led
to the large gap between selling and buying indications. Asian styrene price at $1,128.50/mt...