28 November 2008 23:59 [Source: ICIS news]
LONDON (ICIS news)--Acrylonitrile-butadiene-styrene (ABS) prices slid another €70/tonne ($91/tonne) across the board this week in the face of dwindling demand and winter destocking, market sources said.
Market participants said they did not foresee any cause for optimism in the ABS market for the remainder of 2008, with a recovery expected to begin only in February or March 2009.
Compounding natural grade was pegged at €1,460-1,500/tonne FD (free delivered) NWE (northwest ?xml:namespace>
Injection moulding black grade was pegged at €1,485-1,600/tonne FD NWE, with injection moulding colour grade at €1,680-1,850/tonne FD NWE and extrusion grade at €1,480-1570/tonne FD NWE, according to ICIS pricing.
Producers have begun to cut back production, but buyers said they believed prices would continue to fall through December.
Both producers and buyers said they agreed that lower prices would still not stimulate demand.
Automotive manufacturers across
($1 = €0.77)
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