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Asias prices of ABS resins to decline further towards the end of the year

October 11/2011

(ICIS) -- Asias prices of acrylonitrile-butadiene-styrene (ABS) resins are expected to decline further towards the end of the year because of an expected weaker demand for finished goods from the region and lower feedstock prices, market players said on Tuesday.

ABS prices have dropped to below USD 1,950/tonne (EUR 1,424/tonne) CFR (cost & freight) China this week the lowest point in 2011 so far with Chinese market players returning from the countrys National Day holiday, according to ICIS data.

The prices were at above USD 2,150/tonne CFR China in September, the data showed. The prices are down again this week as raw material prices have fallen more, a trader in Hong Kong said.

Styrene monomer (SM) prices fell to below USD 1,350/tonne CFR China for the week ended 7 October, while acrylonitrile (ACN) prices dropped to USD 1,850/tonne CFR NE (northeast) Asia.
Butadiene (BD) prices declined by USD 250/tonne to around USD 2,500/tonne CFR NE Asia last week.

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