POLYMERS - ABS

Rising prices of feedstock butadiene and ACN have sustained prices of ABS at US$1745/MT in Asia in the week of October 15, 2007. Suppliers from South Korea and Taiwan have raised offers by twenty dollars, but prices remained stagnant as buyers exerted caution while transacting, due to the relatively higher stockpiles they hold. News that the new 100,000 tpa ABS plant of Zhejiang Guoheng Chemical Co. Ltd. is scheduled to come onstream shortly seems to have also exerted some influence on buyer sentiments.