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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 Q2 2016
European acrylonitrile-butadiene-styrene (ABS) prices moved upwards at the beginning of the second quarter, following the increase in the April feedstock styrene barge contract, while the extrusion business saw increases even higher than April styrene.
The market kept seeing price increases in May and June, but in a smaller range, while again the extrusion business seemed to be performing better than injection moulding due to strong demand.
Overall demand was seen as healthy but May volumes in injection moulding were weaker than in April and lower year on year in some cases, as the strong demand of recent months receded. Although extrusion demand was still cited as healthy, a buyer said that it has started to come off slightly and was not as strong as it was during the first four months of the year.
In June demand eased off a bit also because of expectations for lower styrene values in July and strong competition coming from Asia with local producers offering aggressively low-priced imports that made some customers complain about European prices.
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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.
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