Acrylonitrile butadiene styrene Prices, markets & analysis
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Acrylonitrile butadiene styrene China Transcript
The Acrylonitrile Butadience Styrene, or ABS China report is produced weekly and provides important price assessments for domestically produced material.
Domestic ABS production is mainly centred in East and South China and quoted are included on a delivery South and East China basis. Imports, especially in South China are important, and the report put these contacts by providing a key CFR China quote and information on Chinese imports and exports volume.
The CFR Hong Kong price is also provided.
Commentary in the text also include details of major Chinese producers and e-work prices.
The commentary includes supply and demand information such as plant shut downs, start up and feed stocks, and downstream insights.
The report is generated after discussion with buyers, sellers and traders of ABS. We use a wide range of resources and also ensure that we cross-check details. The helps to make sure that our reports are very accurate and useful tour customers
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Updated to Q2 2014
Domestic acrylonitrile-butadiene-styrene (ABS) prices fluctuated at a narrow range in April. Despite falling feedstock styrene monomer (SM) prices, producers kept their EXW prices stable on low inventories. Market sentiment was weak ahead of the Labour Day holiday (1-3 May). Supply for some grades was limited, but downstream producers were not inclined to purchase. Traders’ confidence on the market outlook was weak because of lower SM costs and weak buying interest. Deal prices were at CNY14,250-14,800/tonne on 30 April.
In May, domestic ABS prices fell despite higher feedstock prices. Inventories rose on slow consumption and stable plant operating rates. Market sentiment was weak, and prices were at CNY14,100-14,700/tonne in 31 May.
In early-to-mid June, producers largely maintained their offers while buying interest remained weak and trade remained subdued. Prices were at CNY 14,100-14,600/tonne in mid-June. Market players mostly adopted a wait-and-see attitude.
In late June, domestic ABS prices rose slightly. Major producers raised their offers because of higher SM and butadiene prices. Buyers purchased on a hand-to-mouth basis and deals were mainly made in small volumes. Market participants mostly adopted a cautious stance. Deal prices were at CNY14,150-14,650/tonne on 30 June.
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