Global ABS market fundamentals weaken in Asia, Europe & US Amid Styrene Downtrend & Logistics Issues
In Asia: ABS prices discussions had thinned with producers lowering their offers amid a fall in styrene monomer costs.
In Europe: ABS market fundamentals were generally steady in Europe. Demand was reportedly weakening with the upcoming year end, when consumers typically seek to offload inventories.
In United States: ABS prices in the US fell tracking the downtrend in upstream styrene values. The general market sentiment was lacklustre. Buyers were unwilling to make purchase commitments owing to logistics bottlenecks which arose from the port strike in the US early in the month.
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