US January ABS imports fall by 14% year on year – ITC

10 March 2011 22:05  [Source: ICIS news]

HOUSTON (ICIS)--US imports of acrylonitrile-butadiene-styrene (ABS) copolymer fell by 14.4% year on year, the US International Trade Commission (ITC) said on Thursday.

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

By: John Dietrich

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