European
ABS Market Fundamentals Stable, But Weak-
Continued soft market conditions-
Slight recovery of automotive sector demandThe
European acrylonitrile-butadiene-styrene market saw continued low demand in the
week to Dec. 21, with muted spot activity and minimal contract volume offtake
across downstream sectors. Sources indicated that, despite a slight
improvement in the automotive sector's month-on–month and year-on–year demand,
overall buy interest in the European ABS spot markets remained weak. Consumers
are looking to avoid building stock before the year-end and consider extended
holidays. According to a producer, the contract market saw slower trade as
December progressed. Consumers were reportedly taking minimal contractual
volumes. Sources reported that there was a healthy supply situation, with
slightly lower import rates from South Korea due to freight price uncertainty.
Stock maintenance in some European plants also had little...