US ABS producers seeking March hikes

14 February 2006 21:18  [Source: ICIS news]

HOUSTON (ICIS news)--BASF said on Tuesday it was seeking a 4 cents/pound ($88.16 or Euro73.99/tonne) acrylonitrile butadiene styrene (ABS) price increase in the US effective 1 March.

The company did not give a reason for the proposed increase.

ABS producer Dow also confirmed a 4 cents/pound increase planned for 1 March. Buyers and compounders said the boost was triggered by strong market fundamentals and growing demand. ABS producer Lanxess was believed to have followed suit, according to industry sources. ABS producer GE was not immediately available for comment on whether it also would seek an increase.

It was not clear if customers would accept the proposed increase but producers said they were confident the planned hike would take hold.

February ABS spot prices for large volumes are at 78-80 cents/pound delivered.

By: Luly Stephens
+1 713 525 2653

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