End of price boom in sight / Arbitrage window for exports to China closes / Imports from Far East expected to pick up again and improve domestic supply in Q2 / Subsequent price adjustments possible
There are signs of a trend reversal in the global ABS market. This is because the material, which is used in various sectors such as household appliances, toys and consumer goods, E&E, and automotive, is more expensive in Europe than in China for the first time in months. According to PIE, Chinese domestic spot prices fell by 7.4% in December 2020 to an average of CNY 16,984/t, and import spot prices fell by 3.7% to CNY 19,531/t. Given the still-high price level and the holiday-related production... (22.01.2021)