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Chinese trader: local producers cut ABS prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/05/2016 (00:38)
A trader operating in Shanghai reported that several local ABS producers implemented decreases on their domestic offers today. According to him, one producer cut their offers by CNY400/ton ($61/ton) while another producer issued a drop of CNY300/ton ($46/ton) when compared to their latest levels. A third producer was also reported to have decreased their prices by CNY100/ton ($15/ton) in line with other suppliers’ price cuts.

In China, domestic ABS prices are currently reported at CNY10350-11500/ton ($1364-1516/ton without VAT) on an ex-warehouse China, cash basis. The range indicates decreases of around CNY100-300/ton ($15-46/ton) when compared to the previous week.
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