29 April 2011 20:36 [Source: ICIS news]
The price increase nomination was for 4 cents/lb ($88/tonne, €59/tonne) effective 16 May, or as contracts allowed, according to a buyer.
The initiative brings BASF in line with other
SABIC Innovative Plastics announced a 5 cent/lb increase for its extruded pipe and sheet market effective 2 May, or as contracts allow.
US domestic ABS prices were assessed by ICIS at 148-168 cents/lb DEL (delivered) for extrusion material and 139-158 cents/lb for injection material.
One buyer said he expects the price nominations will go through, based on rising costs for acrylonitrile and butadiene.
"Feedstocks are so tight, and the availability as far as production is concerned is limited," the buyer said. "Until things start to ease up a little bit, they can increase their prices."
INEOS ABS also announced a price increase nomination of 5 cents/lb effective 1 June, on top of the 4 cents/lb they are seeking in May, according to a customer letter obtained by ICIS.
Major producers of ABS are BASF, INEOS ABS, SABIC Innovative Plastics and Styron.
($1 = €0.67)
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