Focus story by Clive Ong
SINGAPORE (ICIS)--Spot acrylonitrile-butadiene-styrene (ABS) prices in Asia fell below $1,900/tonne this week, with suppliers lowering prices to draw buyers forward amid a general lull in demand, traders said on Friday.
Some sellers are liquidating parcels in the mid- to high-$1,800/tonne CFR (cost and freight) NE (northeast) Asia levels, they said.
“Demand is weak as end-users have few orders for finished goods on hand,” a Hong Kong-based trader said.more >>
INSIGHT: The sums don’t work for China in the short term
“Chemicals traders and producers interested in the long term should, perhaps, be careful of what they wish for.” more
Asian Chemical Connections