US 2010 imports of ABS down 58% from 2009 - ITC

11 February 2011 21:36  [Source: ICIS news]

HOUSTON (ICIS)--The US closed the gap between imports and exports of acrylonitrile-butadiene-styrene (ABS) in 2010, according to data released on Friday by the US International Trade Commission (ITC).

Imports of ABS in 2010 fell to 134,602 tonnes from 304,254 in 2009, a drop of 56%. Exports increased 31% in the same time, to 95,898 tonnes from 73,093 tonnes.

US ABS market sources said import availability fell throughout the year because of increasing demand in Asia.

Material that moved was able to do so because of higher prices in the US market compared with Asia.

December 2010 imports fell 62% compared with December 2009, to 9,028 tonnes from 23,655 tonnes.

Exports into Asia increased because of improving demand. However, movement was slowed by higher US prices.

US exports of ABS into China increased by 18%, into Singapore by 46% and into South Korea by 114%.

Year-on-year for December, however, US exports increased less than 1% to 6,146 tonnes in 2010 from 6,090 tonnes a year ago.

US domestic ABS is assessed by ICIS at 135-155 cents/lb (€2,202-2,529/tonne) FOB (free on board) for extrusion-grade material and at 126-145 cents/lb for injection-grade material.

Major US producers of ABS are BASF, INEOS ABS, SABIC Innovative Plastics and Styron.

($1 = €0.74)

For more on ABS visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: John Dietrich

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