30 April 2012 04:33 [Source: ICIS news]
SINGAPORE (ICIS)--Buying indications for acrylonitrile-butadiene-styrene (ABS) resins declined to below $2,000/tonne (€1,520/tonne) on 30 April in Asia amid the sharp fall in feedstock butadiene (BD) prices for the week ended 27 April, said traders in ?xml:namespace>
Discussions of spot BD prices at around $2,500/tonne CFR (cost & freight) NE (northeast)
“Bids for spot ABS parcels are in the high $1,900s/tonne CFR
Offers from major suppliers remain largely unchanged from last week at $2,030-2,090/tonne CFR Hong Kong but buyers are seeking lower prices.
However, with margins in negative territory, ABS producers have limited appetite for lower offers. ABS producers in
There is a cautious optimism among ABS suppliers that demand in
“Buyers should be returning to the market from after the May Day holidays as they have to build up stocks in preparation for higher production season,” said a Taiwanese producer.
However, with the weak economic conditions in the
“Everyone hopes that demand will improve by the end of the second quarter but it remains to be seen,” said another trader in
ABS is used to make office equipment, consumer electronics and toys, as well as in the automotive and construction industries.
($1 = €0.76)
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