ABS demand continues to be dull in Asia as crude oil and feedstock butadiene values continue to descend. Buyers prefer to wait and watch for a possible ABS price decline in line with dipping input costs. As stocks continue piling with producers who are unable to sell, several ABS plants in the region are operating at 20-30% reduced rates, as they offer material at around US$2100/MT CFR China. September cargoes from Taiwanese producer are being offered at US$2130/MT CFR China, and from Japan at twenty dollars higher. Buyers have shown very little interest at these prices and deals continue to be concluded between US$2050 and US$2080/MT for cargoes from Taiwan and South Korea.
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