Acrylonitrile butadiene styrene Prices, markets & analysis
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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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Asia’s acrylonitrile-butadiene-styrene (ABS) prices were at above $1,900/tonne CFR (cost & freight) NE (northeast) Asia in September and the first half of October. However, prices came off sharply in late October as traders liquidated stocks in face of waning demand in the region.
The year-end lull has exerted downward pressure on prices as end-users scaled back purchases after completing most of their production for the year. Ample stocks along the supply chain prompted traders to pare down inventories before the year-end lull.
With prices of feedstock styrene monomer (SM) and butadiene prices on a downtrend, buyers of ABS believe prices have further downside potential in the near term.
Additionally, the persistently weak performance in the appliances and electronics sector led some players to expect continued weakness in demand for ABS into the first quarter of next year.
Producers of ABS continued to lament that margins were squeezed. Some producers have reduced the output at their units to keep inventories down and many found it unprofitable to produce at current prices.
Updated to mid-November 2013
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ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Acrylonitrile butadiene styrene.
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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. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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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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