ABS

ABS prices rose to US$1790/MT in Asia in the week of March 3, 2008. Rising upstream values have kept ABS prices under pressure in Asia in the week of March 3, 2008. ABS market in Asia persisted in strength, as burdened by cost pressures, sellers announced price hikes for March offers. Most offers from South Korea and Taiwan spiked past US$1810/MT CFR China. Despite signs of revival in buying interest, buyers are still to start restocking actively. March and April will definitely witness resurgence of demand.