17 October 2008 14:43 [Source: ICIS news]
“Automotive demand for ABS has dropped considerably. ?xml:namespace>
European compounding grade was assessed at €1,580-1,620/tonne ($2,135-2,190/tonne) FD (free delivered) NWE (northwest
“With demand at such a low level, European [ABS] producers might consider cutting production,” another buying source said this week.
ABS prices in Asia are approximately $200/tonne (€148/tonne) more expensive than in
A buyer said on Thursday that it had seen Asian suppliers trying to sell ABS to
“Asian producers are attempting to sell ABS to
According to market participants, there is a growing amount of uncertainty and panic about plummeting demand in the face of the financial crisis.
“There is little to no optimism in the chemical markets at the moment. Personally, I think this situation may last until midway though next year,” a buyer representative said.
($1 = €0.74)
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