ABS

Market for ABS remained lackluster and stagnated at US$1770/MT in Asia in the week of November 26, 2007 as buyers preferred to wait and watch. This stagnancy in the market was despite low levels of buying from China, and unrelenting supplier offers on the back of rising costs of feedstock butadiene and ACN. Buyers want to benefit from a cut in import tariffs from 1 January, 2008, hence they are deferring purchases until the New Year.