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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 Q3 2016
The beginning of the third quarter brought a price decrease in the European acrylonitrile-butadiene-styrene (ABS) market, while prices remained stable in both August and September.
Demand remained at a healthy level in July, but was not as strong as in the second quarter. Volumes fell back in August as the majority of south European countries left for holidays, but rebounded in September with most market participants stabilising at a reasonable level.
The UK's vote to leave the EU in late June caused distribution problems during the third quarter when the sterling exchange rate, coupled with strong competition among distributors, did not help orders.
In early September, market talk focused on the bankruptcy of South Korean shipping company Hanjin and the impact it could have on ABS imports into the EU. Certain distributors of Korean ABS said some orders could be delayed, but this remains to be seen.
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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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