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ABS and SAN resins values in Asia tumbled to their lowest levels this year

October 04/2011

(ICIS) -- Acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins values in Asia tumbled to their lowest levels this year because of weak demand from the key Chinese market, and amid declines in raw material prices, industry sources said on Tuesday. Spot values have been on a downtrend over the past two months, plunging below USD 2,000/tonne (EUR 1,520/tonne) CFR (cost & freight) northeast (NE) Asia for the two resins products in the week ended 30 September, according to ICIS.

The Chinese market is closed for the week-long celebration of its National Day on 1-7 October.
Demand for China-made products has been soft as its major export destinations, the US and Europe, are struggling with a persistent weakness in its economy and a mounting debt crisis, respectively. This translated to lower consumption of resins.

Meanwhile, declining feedstock prices have also weighed on ABS and SAN values. Key feedstock styrene monomer (SM) prices slipped below USD 1,350/tonne CFR China this week, down from above USD 1,500/tonne CFR China a month ago, according to ICIS.

Tags:ABS, styrene.
Category:General News
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