Asian ABS - Moves $50-55/mt Lower on Lack of Demand- Lower operating costs for a bearish outlook- ABS margin remains negativeAsian acrylonitrile-butadiene-styrene prices
were assessed down by $50-55/mt on the week at $1,540-1,580/mt CFR China and
lower by $50-55/mt at $1,590-1,630/mt CFR Southeast Asia on July 13, data
showed. With
lower domestic and export orders, the spot ABS market was under pressure. According to sources, several ABS producers are starting to
reduce their operating rates due to negative margins, and a bearish outlook.
They have reduced their rates by 20%-60% in South Korea and China. The Asian styrene monomer prices fell from $50-55/mt in the
upstream sector to $1,221-1,250/mt CFR China on July 13. The Asian ABS margin was minus $82.10-87.50/mt.Asian ABS Weekly Rationale









Acrylonitrile-butadiene-styrene was assessed
$50-55/mt lower week on week at $1,540-1,580/mt...