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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Acrylonitrile-butadiene-styrene (ABS) prices declined from yuan (CNY) 14,250-14,800/tonne DEL (delivered) in mid-August to CNY14,050-14,700/tonne DEL in late August, because of weak demand from end-users.
Prices then rebounded from the end of August to (CNY)14,400-14,900/tonne DEL by mid-September, following firmer feedstock costs. ABS producers raised their EXW (ex-works) prices, when feedstock styrene monomer (SM) and butadiene (BD) prices rose in September. However, deals were limited by the weak buying interest.
In late September, producers cut their offers, because of weak demand and high inventory levels. As a result, ABS prices fell to CNY14,250-14,800/tonne DEL by end-September.
In early October, producers and traders increased their offers, because of higher feedstock costs rose and tight supply of some grades. However, when SM and BD prices fell from mid-October, traders became cautious in view of the weak supply and demand. ABS prices continued to fall in late October, with deals being concluded at CNY14,150-14,650/tonne DEL.
Market sentiment remained bearish in early November, because of softer feedstock costs. While ABS prices fluctuated within a narrow range, producers kept their offers stable because of lower selling pressure. However, trade was subdued, because end-users were not inclined to purchase.
Updated to mid-November 2013
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