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(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.
mrcplast.com
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