ABS

Restrained demand from China has kept ABS prices weaker at US$1755/MT in Asia in the week of December 24, 2007, despite a hike in upstream butadiene prices. South Korean and Taiwanese suppliers lowered offers to US$1750/MT CFR China, along with which, few deals were heard concluded at lower level of US$1750/MT CFR China. Most buyers from China refrained from stock piling on account of tightened credit control by the Chinese government.