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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Domestic acrylonitrile-butadiene-styrene (ABS) prices fluctuated in a narrow range in January. Feedstock values were mixed. Most producers kept their offers stable, but buying interest from downstream producers weakened gradually ahead of the week-long Chinese Lunar New Year holiday from 31 January. Deal prices were at yuan (CNY) 14,300-14,800/tonne on 30 January.
In mid-February, ABS prices fell to CNY14,100-14,600/tonne despite efforts for a price hike by several producers because of a significant decrease in feedstock styrene monomer (SM) values. In addition, operations in the downstream sectors had not resumed completely. As a result, buying interest was limited and traders were not optimistic of the market outlook.
Domestic ABS prices were mixed in late February. Some producers reduced their offers in view of sales pressure, resulting in lower prices for some grades. However, other producers raised their offers in view of poor margins. Therefore, prices for some other grades rose, though the demand was limited. Deal prices were at CNY14,200-14,500/tonne on 28 February.
In early March, feedstock SM values remained weak and butadiene (BD) values fell significantly. Producers reduced their offers in response. In addition, buying interest was low because end-user demand did not improve significantly. Trading sentiment was weak. Domestic ABS prices fell slightly to CNY14,150-14,500/tonne on 5 March.
However, domestic ABS prices subsequently rebounded as producers raised their offers because of higher feedstock SM and BD prices. Deal prices were at CNY14,200-14,600/tonne on 31 March.
Updated to Q1 2014
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