Friday, April 18, 2008

ABS

Persistently high values of feedstock SM, butadiene and ACN have not pressured ABS prices to rise. ABS prices have stagnated at US$1820/MT in Asia in the week of April 14, 2008 because of a lull in demand caused by lackluster buying in China. Producers from South Korea and Taiwan who had pegged offers upto US$1880/MT CFR China for April shipment, have met with resistance from buyers who are unwilling to buy above US$1800/MT.

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