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Updated to Q1 2018
Prior to the Lunar New Year holiday, Asian sellers were focused on moving product to China instead of the US due to more favourable pricing. As a result, acrylonitrile-butadiene-styrene (ABS) supply in the domestic market was tight in Q1 and prices rose as a result. South Korea was the largest ABS supplier to the US market in 2017 with 45% of total imports, followed by Taiwan and Mexico. The same countries, in that order, were also the top ABS suppliers to the US market in January.
US ABS prices rose in January and February amid steady demand and tightened supply from Asia. Chinese ABS demand following the Lunar New Year holiday was not as robust as expected. As a result, Asian producers in March attempted to get some business back in the US at discounted prices. US ABS demand was on the rise across the board in Q1, but especially from the construction-related end use sectors.
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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. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Acrylonitrile butadiene styrene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
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