Wednesday, September 05, 2007

Polymer - ABS

A dormant market led to stagnant ABS prices in Asia in the week of Sep 3, 2007, as prices remained at US$1700/MT. Conventionally, these months are high demand season for Christmas, but this year has seen subdued demand for Chinese products as global toy makers chose to recall Chinese toys globally. Buyers preferred to be in the sideline and wait to act in response to the direction of the future market. With the continuance of lull for Made in China goods, producers will attempt to sell more cargoes toward non-Asian countries, instead of lower their offers.

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