31 January 2011 21:42 [Source: ICIS news]
The price increase is for 6 cents/lb ($132/tonne, €98/tonne) effective 21 February, or as contracts allow. US domestic ABS prices were recently assessed by ICIS at 135-147 cents/lb for extrusion-grade material and at 126-145 cents/lb for injection-grade material.
The initiative was announced in the middle of the past week, and follows an initiative for the same amount and implementation date from INEOS ABS.
The price increases have been mostly fuelled by rising feedstock costs of butadiene (BD) and styrene monomer (SM), producers said.
Demand for ABS has been described as stable-to-strong, with several market players expecting the construction segment to pick up by the end of the first quarter.
Attempts by ICIS to reach several buyers were unsuccessful.
Major US producers of ABS include BASF, INEOS ABS, SABIC Innovative Plastics and Styron.
($1 = €0.74)
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