09 January 2012 23:55 [Source: ICIS news]
HOUSTON (ICIS)--Styron is seeking 5–12 cent/lb ($110/tonne, €87/tonne –$265/tonne, €209/tonne) price increases for four of its products in the Americas, the US-based producer said on Monday.
The products include polycarbonate (PC), acrylonitrile butadiene styrene (ABS) and two PC-ABS blends.
The price increases would take effect on 1 February.
PC would increase by 12 cents/lb; ABS by 5 cents/lb; and the two blended products by 9 cents/lb.
A Styron source said the increases would be across the board for PC, ABS and the compounds.
“We have been closely monitoring the rising costs of raw materials and the increases in butadiene and benzene have been a concern for us,” a Styron source said.
Butadiene (BD) has climbed from 98 cents/lb in its December contract to 7-12 cents/lb higher for the January contract prices. BD contract prices in Asia have increased more than 80% from November to December.
The benzene contract price for January increased 70 cents/gal from December. Spot market prices for benzene have also been a concern for Styron. Spot prices for benzene were last heard at $3.95-4.00 cents/gal.
There are already premiums being discussed for February spot prices for benzene.
PC prices as assessed by ICIS for general purpose moulding material in bulk is $1.50-1.65/lb, while general purpose extrusion bulk prices are $1.50-1.65/lb.
US domestic ABS prices are assesed at 130-140 cents/lb for medium impact extrusion bulk.
SABIC Innovative Plastics and INEOS ABS said last week they would seek price increases.
Styrolution and Network & Diamond Polymers have not made price announcements.
($1 = €0.79)
For more on PC and ABS visit ICIS chemical intelligence
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