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ABS resin prices are trending lower on weak demand

March 31/2011

(ICIS) -- Acrylonitrile-butadiene-styrene (ABS) resin prices are trending lower on weak demand and are likely to remain soft in the near term, producers and traders said on Thursday. Spot prices slipped to below USD 2.300/tonne (EUR 1.633/tonne) CFR (cost & freight) northeast (NE) Asia this week, ICIS data showed.

Demand for the resin has waned in the aftermath of the earthquake and subsequent nuclear crisis in Japan and some traders were liquidating their stocks, said market players.

Buyers said they were hesitant to commit as they were unsure about the magnitude of the impact from the disruption of supply chains in Japan.

ABS is used to manufacture the moulds for office equipment such as fax machines, telephones and computer monitors.

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