In the dynamic landscape of Asia&#xx;s ABS (Acrylonitrile Butadiene Styrene) market, a sustained upward trajectory has been witnessed since the first quarter of xxxx, despite slow downstream inquiries. Mid-April xxxx marked another surge in the regional ABS market, propelled by rallying energy prices that elevated upstream costs including feedstock Styrene and Butadiene prices, alongside a cautious uptick in buying interest in the Asian market.
Moreover, the key factors contributing to this ongoing surge in the ABS market include Brent crude oil futures hovering around the USD xx/bbl threshold for another week. This oil rally has significantly influenced the prices of crucial feedstocks for ABS materials, particularly styrene and butadiene monomers. As a result, producers have faced upward cost pressures, leading to firmer pricing strategies in the ABS market. The Styrene monomer price in the Chinese market showed an inclination of approximately x.xx in the week ending April...
