ABS

Price of ABS continued to steady at US$1820/MT in Asia in the week of March 31, 2008. Higher feedstock values have firmed up ABS offers from South Korea and Taiwan upto US$1880/MT CFR China, but absence of improvement in buying sentiments from China has kept deals from being concluded actively. Supported by current high inventory levels and robust domestic supplies, Chinese processors are not willing to accept offers above current levels.