30 March 2012 22:15 [Source: ICIS news]
HOUSTON (ICIS)--Styrolution is seeking a 5 cent/lb ($1100/tonne, €83/tonne) increase for its acrylonitrile butadiene styrene (ABS) in the Americas, market sources said on Friday.
Sources with the Germany-headquartered producer said the continual cost increases in feedstocks for butadiene (BD), styrene and acrylonitrile (ACN) has created the need for the price increase, which is scheduled to become effective on 16 April.
Currently, extrusion medium impact ABS in bulk is selling for 135-154 cents/lb.
ICIS reports on the pricing of three other types of ABS in bulk and package.
This increase brings the total amount of increases sought by Styrolution to 17 cents/lb since the start of the year.
Buyers were not available for comment, but recently many buyers said they realised producers were partially justified in the proposed price increases. The buyers said producers were not able to achieve all of the price increase.
Previously, the price increases have been about 80% successful.
North American producers of ABS include INEOS ABS, Network and Diamond Polymer, SABIC Innovative Plastics, Styrolution and Styron. = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|