Acrylonitrile butadiene styrene Prices, markets & analysis
ICIS has a network of locally based reporters providing coverage of regional Acrylonitrile butadiene styrene markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
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Acrylonitrile butadiene styrene Asia Transcript
The ABS report covers two important regions, namely North East Asia and South East Asia.
The North East Asia region covers the key market of China and two important supply sources, Taiwan and Korea.
In South East Asia, the trade is slower but still considered an important part of the Asian market. Supplies are located mainly in Taiwan and Malaysia which are two vital manufacturing bases in Asia.
The report provides commentary on demand and supply situations in Asia as well as the three feed stocks that go into ABS, namely styrene, acrylonitrile and butadiene. Readers and also find regular updates on plant operating status across Asia as well as domestic Chinese prices for a rounded analysis of the market.
In the report, our clients can find current bids and offers as well as deals done information which helps them in their decision making in the trade.
The ICIS ABS price assessments are regularly used as a reference by market participants under a wide variety of situations and of course as part of term contracts.
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Updated to Q1 2015
Asia’s acrylonitrile-butadiene-styrene (ABS) prices were drifting lower in January and the first half of February. Spot prices were in the low $1,500s/tonne CFR (cost & freight) northeast (NE) Asia prior to the Lunar New Year holiday in mid-February. Demand was lacklustre as the Chinese manufacturing sector is expected to pick up only from the second quarter. With ample supply on hand, a number of suppliers lowered offers in a bid to move parcels. Some buyers picked up material before the Lunar New Year holiday while others decided to wait-and-see.
However, prices reversed the losing streak post-Lunar New Year holiday on the back of strong performance in the styrene monomer (SM) and butadiene (BD) sectors. ABS suppliers hiked offers in March amid the uptrend in feedstock prices. While buying momentum was largely still weak, some buyers who needed stocks accepted higher prices. Spot prices rose to around $1,600/tonne CFR-NE Asia in mid-March. Some suppliers have pushed up offers to the mid-to-high $1,600s/tonne CFR NE Asia but buyers have not accepted them.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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