Europe Nov ABS falls €50/t on poor demand

14 November 2008 23:59  [Source: ICIS news]

LONDON (ICIS news)--Freely negotiated European acrylonitrile-butadiene-styrene (ABS) prices dropped by €50/tonne ($63/tonne) in November on poor demand and weakening feedstock prices, according to many market sources on Friday.

Some buyers said they had also seen drops of between €80-145/tonne.

Compounding grade natural ABS was pegged at €1,530-1,570/tonne FD (free delivered) NWE (northwest Europe), while injection moulding grade natural was €1,540-1,620/tonne FD NWE.

Injection moulding grade black was pegged at €1,555-1,670/tonne FD NWE, injection moulding grade colour was at €1,750-1,900/tonne FD NWE and extrusion grade natural was at €1,550-1,640/tonne FD NWE, according to global chemical market intelligence service ICIS pricing.  

Buyers thought that prices might drop further in December, but a producer said lowering prices was pointless in the current climate as it would not stimulate demand in the fourth quarter.

($1 = €0.79)

For more on ABS visit ICIS chemical intelligence
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By: Stuart Moir
+44 20 8652 3214

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