The ABS (Acrylonitrile Butadiene Styrene) prices in the Asian market elevated slightly in the first week of February xxxx, amidst constrained supplies and a reduction in the production rates. With the end of January xxxx, the ABS industry continued to grapple with supply pressure, as several companies were compelled to reduce production. In January xxxx, the rise in the feedstock Styrene and butadiene prices also caused concern about heightened cost pressure on the ABS producers in the region.
In Asia, the ABS market saw a price increase at the beginning of February xxxx. The rise in the price of raw material Styrene, coupled with an increased number of ABS unit maintenance shutdowns within the previous month, resulted in a contraction in market supply. The Force majeure at Lotte Chemicals Corp. in Yeosu, South Korea with a total ABS production capacity of xx,xxx TPM for x days in...
