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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Acrylonitrile-butadiene-styrene (ABS) resin prices drifted lower after peaking at around $2,000/tonne CFR (cost & freight) northeast (NE) Asia in the first half of August.
Suppliers were targeting higher prices during the traditional manufacturing season for exports in China in the third quarter. However, weaker-than-expected demand for Asia-made products from the eurozone started weighing on ABS prices in the second half of August. Prices trended to the low $1,900s/tonne CFR NE Asia, with some parcels sold under $1,900/tonne CFR NE Asia in the second half of September.
Chinese end-users of ABS said the volume of orders for finished goods tapered off in the first half of August, around a month earlier from when the number of orders would usually reduce each year. Consequently, buying momentum from end-users stayed weak, with most of them keeping lean stocks in view of the uncertain demand for finished goods. Traders also conducted back-to-back business and avoided stockpiling ABS.
Updated to Q3 2014
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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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