Downcast downstream demand weakens ABS prices in Asia

Downcast downstream demand has weakened ABS market in Asia amid another plunge in feedstock butadiene prices. After the fall in butadiene values, key South Korean and Taiwanese producers have reduced CFR China offers to US$1070/MT, with lows ranging at US$1035. Minor deals for January shipment were heard concluded at US$1030/MT while several buyers from China preferred to wait and watch.
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