Thursday, December 11, 2008

ABS prices plunge in Asia with another plunge in feedstock butadiene values

Butadiene prices in Asia that have plunged this week, have tanked upstream ABS prices by over 70 dollars. December offers from Taiwan and South Korea are being heard at US$1140/MT CFR China. After a ffew deals have been concluded marginally lower, CFR China buying intentions have been down revised by 25-30 dollars.

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