13 January 2011 22:22 [Source: ICIS news]
Exports fell to 5,756 tonnes in November from 6,293 tonnes in November 2009.
Producers, distributors and buyers said during November that the arbitrage window from the US to Asia was limited, as the cost of freight mostly negated the difference in domestic prices between the markets.
The lack of arbitrage was also reflected by import numbers. US November imports of ABS fell 2.5% year on year, to 8,752 tonnes from 8,980 tonnes in November 2009.
As a result of the smaller window, prices for US ABS increased by 3-4 cents/lb ($66-88/tonne, €50-67/tonne) in November.
The biggest November export destinations for US ABS were Mexico (2,615 tonnes) and Canada (1,478 tonnes).
Month on month, US exports fell 13% from 6,620 tonnes in October, and imports fell 8%, from 9,514 tonnes.
Currently, US ABS prices are assessed by ICIS at 129-146 cents/lb for extrusion material and at 120-136 cents/lb for injection material.
Major US producers of ABS are BASF, INEOS, SABIC Innovative Plastics and Styron.
($1 = €0.76)
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