10 March 2011 22:05 [Source: ICIS news]
US imports were down to 7,320 tonnes in January 2011, a drop from 8,551 tonnes in January 2010.
ABS imports also fell month on month, down from 9,028 tonnes in December 2010, a drop of 18.9%.
US imports were slowed down by rising prices in Asia, which traders said briefly increased export opportunities for US producers.
US exports rose month on month by 14.4%, to 7,030 tonnes in January 2011 from 6,146 tonnes in December 2010.
However, US ABS exports fell by 12.5% year on year, from 8,034 tonnes in January 2010.
US domestic prices during the month of January increased by 6-9 cents/lb ($132-198/tonne, €95-143/tonne) DEL (delivered), as assessed by ICIS.
The increases came as buyers and distributors accepted price-hike initiatives that were announced at the end of 2010 because of improved demand.
Major US producers of ABS are BASF, INEOS ABS, SABIC Innovative Plastics and Styron.
($1 = €0.72)
For more on ABS visit ICIS chemical intelligence
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