ChemAnalyst

During the initial assessment in April by ChemAnalyst, Acrylonitrile Butadiene Styrene prices have increased sharply on the back of firm cost pressure from three feedstocks and stable demand fundamentals from the downstream industries. Acrylonitrile Butadiene Styrene market has witnessed a robust bullish rally in March, and prices continue to move northwards. As of the 1st week of April, Acrylonitrile Butadiene Styrene prices in China have been assessed at USD 2395 per MT on FOB basis. Among feedstocks, the prices of Butadiene have been going through the roof in the domestic Chinese market. As per the latest insights from China market, Butadiene exports have been shunned in order to cater to the domestic demand. Butadiene, which finds its wide use in many polymers and elastomers, has been in rich demand in both rubber and polymer markets. Hence, Butadiene prices have been assessed at USD 1640 per MT on FOB basis at the beginning of April 2022. Meanwhile, the Styrene market has ob...

As of last week of March, Acrylonitrile Butadiene Styrene market has observed another price hike on the back of strong cost pressure from upstream feedstocks. ABS market has been firm in the European market, and the latest gain in the prices has further deterred the procurements from buyers amid sluggish demand fundamentals. Feedstock prices have increased consistently in the last two months due to strong crude oil and natural gas prices throughout Europe on the back of ongoing uncertainties around the supply of energy feedstocks in the global market. Market dynamics were tighter as the demand for crude oil was outpacing the available supply; however, the Ukraine-Russia conflict has further exacerbated the demand-supply dynamics. In the European region, demand from the Automobile industry has slowed down in H2 of Q1 owing to weak output rates from one of the most productive industries in Europe. This has resulted in weaker procurements from the downstream users. Since the beginning ...

Acrylonitrile Butadiene Styrene (ABS) market has been strong worldwide on the back of stable to healthy demand dynamics and rising uncertainty around global supply chains amid escalating European crisis. Another key factor at play has been the substantial volatility in crude oil prices globally which soared to USD 130/b in March first week and then declined sharply. Railway and road transport from Asia to Europe has been severely hampered on the backdrop of ongoing crisis between Ukraine and Russia. Along with this, recent resurgence in covid cases and lockdown in city of Shenzhen in China has further escalated the uncertainty around supply of various commodities in the global market. There are speculations around closing Shanghai port, one of World’s largest port, under the fear of rising covid cases. The situation is expected to send shockwaves in the global supply chains. Meanwhile, in the European market, Acrylonitrile Butadiene Styrene prices has gained more than 2.5% during ...