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Asia Chemical Price Scenario (Top Products)
• Acrylonitrile-butadiene-styrene (ABS): ABS producers slashed the product cost as the feedstock Styrene Monomer (SM) and Butadiene witnessed downward pressure. ABS prices CIF NS, Mumbai were around USD 1290-1300/MT.
• Styrene Monomer (SM): Styrene Monomer CFR prices dropped to about $500 per MT due to fall in the feedstock benzene.
• Polypropylene: Polypropylene (PP) prices followed a downtrend due to muted demand in the APAC region amid coronavirus related lockdowns. PP prices CFR Asia stood around $ 800/tonne.
• PET: Bearish upstream markets have continued to affect PET prices in Northeast Asia with its prices hitting a record low at $700/tonne FOB.
• Paraxylene: Paraxylene prices in Southeast Asia witnessed a gradual recovery and were marked at $ 490/ tonne CFR China.
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