10 January 2011 22:46 [Source: ICIS news]
The initiatives were for 9 cents/lb ($198/tonne, €154/tonne) from INEOS, SABIC Innovative Plastics and Styron and were set for 20 December and 1 January. The nominations were announced in late November and early December.
“No one is balking [at the price increases] right now,” a distributor said, adding that there is only a small amount of available Asian material to compete with US product.
Most of the Asian ABS is being purchased domestically, keeping material out of the US market and applying upward price pressure.
Sources also said rising feedstock costs for polypropylene, butadiene (BD) and styrene monomer (SM) are also lending strength to higher ABS prices.
Major end uses for ABS are the consumer electronics, appliances and automotive segments.
Currently, the US domestic contract price for ABS is assessed by ICIS at 129-146 cents/lb FOB (free on board) for extrusion-grade material and at 120-136 cents/lb FOB for injection-grade material.
($1 = €0.78)
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