Acrylonitrile Butadiene Styrene Prices Rose Sharply in China
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...