US 9-cent/lb Jan ABS hikes going through - distributor

10 January 2011 22:46  [Source: ICIS news]

HOUSTON (ICIS)--US price increase nominations set for January acrylonitrile-butadiene-styrene (ABS) contracts were going through, a distributor said on Monday.

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)

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