02 March 2011 23:38 [Source: ICIS news]
The price increase initiative will be for 7 cents/lb ($154/tonne, €113/tonne) effective on 1 April, or as contracts allow.
The company also announced a price increase of 9 cents/lb for high-heat resistant ABS.
The price increase nomination comes on the heels of another announcement from INEOS ABS, which is seeking a price increase of 5 cents/lb on ABS and 9 cents/lb on high-heat resistant ABS, also effective on 1 April.
Price increase initiatives on ABS that took effect in March, on average for 6 cents/lb, found traction, buyers and distributors said.
Demand for ABS has been described as strong to healthy, especially relative to the time of year, when construction orders are thin because of colder weather.
Several producers said that record ABS prices in Asia will also lend strength to upcoming
The recent price increase nominations have been sparked mostly by rising feedstock costs in the
($1 = €0.73)
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