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Acrylonitrile butadiene styrene Overview Transcript
The Asian ABS market is the fastest growing among the stryrenic resins. This is mainly due to them being used in many applications.
Common useage for ABS include sectors such as automobiles, consumer electronics, office equipment, personal computers, toys and construction.
ABS can be fused with other plastics to form alloys. This further extends the useage of the resin in other sectors such as mobile phone casings which use PC/ABS alloy.
China is the largest importer and user of the resin in Asia given its huge manufacturing base.
The spot market is active and liquid with major sellers from Taiwan, Korea, and South East Asia competing for a piece of the action each week China continues to expand its domestic ABS capacity each year, but demand always increases in tandem, resulting in the continual need for large volume imports.
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Updated to Q1 2016
As expected, the European acrylonitrile-butadiene-styrene (ABS) market remained relatively stable during the first days of 2016. It moved slightly downwards in February, following the decrease in the feedstock styrene barge contract price.
Despite concerns over lower-priced Asian imports, demand remained strong in all sectors throughout Europe during Q1. For a period in February, customers were reluctant to place more orders, amid expectations for lower raw-material prices. Nevertheless, overall demand is expected to grow by 2-3% this year.
However, in March players were taken by surprise after styrene’s unexpected three-digit increase, which gave ABS prices a significant upwards push. As a result, the market witnessed some signs of pre-buying. These signs were becoming more obvious towards the end of the quarter, amid talks that in April styrene monomer (SM) prices could increase for a second consecutive month.
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