Friday, September 12, 2008

Declining crude prices, sluggish Chinese demand furthers downfall of Asian ABS prices

The downfall in acrylonitrile butadiene styrene (ABS) prices in Asian market continued shattering hopes of a belated up thrust in Asian ABS demand. Owing to declining crude prices and a sluggish Chineese demand, this week the ABS prices furthered lowered by US$20-30/mt and stood in the range of US$2030-2050/mt CFR China.

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