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Asia styrenics offers jump $50/t on buoyant feedstock values

October 12/2010

SINGAPORE (ICIS) -- Suppliers of polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS) in Asia raised their offers by at least $50/tonne (?36/tonne) this week, in line with the increase in feedstock costs, market sources said on Tuesday.


Prices quotes for general-purpose PS were at above $1,350/tonne CFR (cost and freight) China, while offers for high-impact (HI) PS stood at $1,500/tonne CFR China. For ABS, offers were heard mostly at above $2,000/tonne CFR NE Asia, traders said.

The holidays in China over the past weeks had slowed down production at factories. Ramping up of production at factories was expected from mid-October, with the busy manufacturing activities possibly lasting into November, market sources said.

 

PS resins are used in packaging, utensils, toys and consumer electronics. ABS is used for office equipment, consumer electronics, toys and automotives.

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