US Sept ABS imports fall 21% from August on high Asian prices

10 November 2010 21:40  [Source: ICIS news]

HOUSTON (ICIS)--US September imports of acrylonitrile-butadiene-styrene (ABS) fell 21% month on month, according to data from the US International Trade Commission (ITC).

Market sources have emphasised that because of strong demand in the Asian domestic market, prices on ABS imports have risen, keeping pressure off US domestic prices.

US imports fell to 11,736 tonnes in September from 14,893 tonnes in August. Year on year, however, imports rose 40% from 8,354 tonnes in September 2009.

Imports from the top six Asian countries -- Taiwan, South Korea, Thailand, Japan, China and Malaysia - fell to 6,328 tonnes in September from 6,970 tonnes in August, a drop of 9.2%.

However, high Asian import prices have not opened an arbitrage window for US producers, sources said, as Asian producers have been able to keep domestic prices low.

US exports of ABS dropped less than 1% year on year and month on month. The US exported 7,743 tonnes in September, down from 7,492 tonnes in August.

Major US ABS producers are BASF, INEOS and Sabic Innovative Plastics.

To learn more about ABS visit ICIS chemical intelligence
To discuss issues facing the chemical industry visit ICIS connect

By: John Dietrich

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly