Chinese Acrylonitrile Butadiene Styrene Prices Decline in Narrow Range

According to the Chem Analyst monitoring data, in China, the Acrylonitrile Butadiene Styrene (ABS) market is falling in the month of June, and spot ex-factory prices of several brands are cut-off. The support for the Acrylonitrile Butadiene Styrene cost side has deteriorated as the upstream three materials market has typically declined. The situation between Russia and Ukraine has recently deteriorated, forcing several oil fields to close and crude oil prices to vary. The effect of price transmission to the ABS industrial chain, on the other hand, was widespread, and the market differed significantly. The impact of the domestic pandemic on logistics in East China is still ongoing, and company and merchant opposition to exports remain unabated. At the same time, downstream customers' purchasing operations prefer to sustain production on inflexible demands.

On the one hand, raw material prices have fallen, and expenses have decreased. In the game of supply and demand, however, the upstream and downstream have been stuck slightly. Due to the outbreak pandemic in certain provinces of China, most manufacturing units are under lockdown, and production plants are forced to shut down. This affected the Chinese Acrylonitrile Butadiene Styrene market and the demand from the downstream automotive, electronics, and telecommunication sectors. The prices of Acrylonitrile Butadiene Styrene were observed to be hovering around USD 2095.00/ton Acrylonitrile Butadiene Styrene Injection Moulding Spot price, Shanghai, and a weekly fall of 0.7% as of June 3 as recorded by Chem Analyst.

The supply and demand for acrylonitrile-butadiene rubber are at a deadlock, and cost support is eroding. Variations in the freight costs and logistical disruptions globally due to the Russian invasion in Ukraine supported the downfall of Acrylonitrile Butadiene Styrene prices in China. The weak demand for Acrylonitrile Butadiene Styrene from the Chinese market stream weighs lower prices in other Asian exporter regions.

As per Chem Analyst, to sum up, coupled with the high load of the Acrylonitrile Butadiene Styrene industry, it is anticipated that the Acrylonitrile Butadiene Styrene spot market may continue to run weakly in the short term. The availability and demand for acrylonitrile-butadiene rubber are slightly stalemated, so the cost support is weakened, and it is expected that the acrylonitrile-butadiene rubber market will continue to fluctuate within a narrow range.