ABS

ABS prices slipped down to US$1745/MT in Asia in the week of January 7, 2008, on lack of buying interest. Sellers did attempt to maintain prices at last weeks' levels, but a ten dollar drop was witnessed despite a rise in feedstock butadiene prices. Sellers' offers remained under pressure as buyers refrained from buying due a break in seasonal demand and unwillingness on part of Chinese buyers to stockpile despite the approaching Chinese Lunar New Year Holiday.