22 June 2012 18:38 [Source: ICIS news]
Prices for extrusion grade medium impact material in bulk moved to 129-152 cents/lb from 134-157 cents/lb.
Buyers said they have been able to get reduced prices because of the influx of material from Asia, ample domestic supply, declining feedstock costs and weakening demand.
Producers said they have met prices of the imported material on a case-by-case basis in order to maintain sales.
Demand has continued to be strong, although not as strong as it was in May or April, but still on par with forecasts for the year, producers said.
Another source said demand is historically strong in the third quarter for the ABS market, adding this year will not be an exception.
ABS producers in North America include INEOS ABS, Network Polymers, SABIC Innovative Plastics, Styrolution and Styron.
($1 = €0.80)
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