Acrylonitrile butadiene styrene Prices, markets & analysis
ICIS offers a wide range of reliable short-to-long term information solutions, gathered from our locally stationed team of experts for the fast-paced Asian acrylonitrile butadiene styrene (ABS) industry.
- Weekly price reports
- News and market updates
- In-depth annual studies
- Supply and demand data (up to 2030)
Use ICIS information to:
- See what’s driving prices and understand fluctuations
- Gain local knowledge on Chinese markets
- Have a benchmark for your transactions
- Feed into your own analytical models
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
Acrylonitrile butadiene styrene news and market information products from ICIS
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Updated to Q1 2015
Early in January, some producers cut their EXW prices, but consumption was slow because of weak buying interest. FCFC (Ningbo) raised the operating rate at its 450,000 tonne/year unit to 100%. Offers were mainly at CNY12,000-12,800/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H, down by CNY200-300/tonne from last month.
In mid-January, feedstock styrene monomer (SM) values were firm while acrylonitrile and butadiene values decreased sharply, which injected little strength into the prices. By 16 January, offers were CNY11,600-12,700/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H, down by CNY100-400/tonne. Major producers ran their units at stable rates. Downstream producers mostly purchased to cover immediate requirements. Market players do not expect prices to rise.
In late January, SM values rebounded slightly, but butadiene and acrylonitrile values continued to fall, which meant little support to the ABS market. A few market players were active in negotiating, attracted by the low prices. However, the market sentiment later became quiet as a result of weakened demand. FCFC (Ningbo) and CNOOC & LG Petrochemicals ran their units at lower rates. Downstream producers were not inclined to purchase and traders kept their inventories at low levels. Therefore, deals were limited. Market players adopted a pessimistic attitude on the market outlook. Offers were mainly at CNY11,500-12,600/tonne in the end of the month.
During February, domestic ABS prices were stable to softer in the first week. Some suppliers were more inclined to raise their offers in view of higher feedstock SM values. However, it failed to work as buying activity was subdued. FCFC (Ningbo) ran its unit at a higher rate. However, some producers, such as LG Yongxing, reported tight supply and lifted their EXW offers as a result. By 6 February, offers were mainly at CNY11,200-12,300/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H.
In mid-February, domestic ABS prices were mixed. SM and butadiene values rose, though acrylonitrile values fell further. Deals were sporadic as a result of weak demand because downstream producers shut their units gradually in the run-up to the Lunar New Year holiday (18-24 February). CNOOC & LG Petrochemicals ran units at a higher rate. Traders were reluctant to do business before the holiday, with a few optimistic about the market outlook supported by high costs. By 13 February, offers were CNY11,200-12,300/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H.
Domestic ABS prices rose in the end of the month. Trading sentiment was quiet after the holiday. Zhenjiang Chimei and FCFC (Ningbo) ran their units at a lower rate. Traders moved their cargoes according to the market conditions, but downstream producers mostly adopted a wait-and-see attitude. By 27 February, offers were CNY11,400-12,300/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H.
In March, domestic ABS prices rose in the first week. SM and butadiene values moved upwards, while acrylonitrile values continued to fall. Some producers raised their offers and traders moved their cargoes according to the market conditions. However, most downstream producers have not fully resumed operation after the Lunar New Year holiday and most adopted a wait-and-see attitude, which meant subdued trading. By 6 March, offers were CNY11,800-12,500/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H.
Domestic ABS prices fell at mid-month. Though SM values rose slightly, acrylonitrile and butadiene values both moved downwards. Some producers raised their EXW prices, as did some traders, but discussion prices for some grades fell because of weak end-user demand. By 13 March, offers were mainly at CNY11,550-12,500/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H.
Prices fell further in the late month because of weaker feedstock values and low demand. Regional price gaps emerged following widened discussion room of some grades. Operating rate in the ABS industry rose because Gaoqiao Petrochemical ran its unit at a higher rate, while others largely kept steady. By 20 March, offers were CNY11,300-12,400/tonne for Jilin Petrochemical’s 0215A and LG Yongxing’s 121H.
China acrylonitrile butadiene styrene (ABS) price report
Whether you looking to enter or are already operating within the Chinese ABS markets, ICIS has the pricing information you need to stay up-to-date with the latest domestic and import prices for the country. The report covers all of the following:
- CFR (cost and freight) China
- CFR (cost and freight) Hong Kong
- DEL (delivered) East and South China
To ensure you have a better understanding of price drivers and fluctuation, the report also includes unrivalled analysis on supply and demand and trading activities, as well as updates on upstream/downstream markets.
China ABS Annual Study
The China ABS Annual Study provides comprehensive data and insights into latest developments and hot topics in Chinese ABS market. It also delivers credible information and analysis which are gathered by our team of local experts to help seek opportunities and plan for your business strategies within the domestic ABS market. The study provides all of the following:
- China ABS market review
- Regional supply and company profile
- ABS demand analysis and forecast up until the following year
- China ABS imports by origin, customs and mode of transport
- A look into price trends and drivers
China ABS supply and demand data
The ICIS Supply and Demand Database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2030 for ABS in China. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country specific perspective.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Acrylonitrile butadiene styrene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Acrylonitrile butadiene styrene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.