ABS

ABS prices rose to US$1810/MT in Asia in the week of March 10, 2008. Most offers from suppliers from the Far East that steadied at US$1830/MT levels, were initially met with buyers resistance. Several buyers were reluctant to buy at levels above US$1800/MT, but changed their stance upon conclusion of deals at US$1790/MT CFR China level. Recovering demand is anticipated to keep prices at levels above US$1800/MT.

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