ABS

ABS prices rose to US$1755/MT in Asia in the week of January 21, 2008, mainly rising in line with increased feedstock butadiene costs. After successful conclusion of deals for cargoes from South Korea for January shipment at US$1755/MT CFR China, offers from South Korea as well as Taiwan are being up adjusted. However, buyers are not willing to relent at these high prices, so faced with surging feedstock costs, producers from both the countries are working their plants at reduced operating rates.