Styron to seek 5 cent/lb increase for ABS in US in January

06 December 2012 22:24  [Source: ICIS news]

HOUSTON (ICIS)--US Styron will seek a 5 cent/lb ($110/tonne, €84/tonne) price increase for its acrylonitrile-butadiene-styrene (ABS), a company source said on Thursday.

Currently, extrusion medium impact ABS in bulk has a domestic price range of 129-152 cents/lb, as assessed by ICIS pricing.

The increase has an effective date of 4 January and is being sought to cover rising feedstock costs, the company source said.

Styron is the second ABS producer in the Americas to call for a proposed price increase.

INEOS ABS has proposed a price increase of 4 cents/lb to be effective from 1 January 2013.

That proposed increase is also to cover rising feedstock costs.

The other ABS producers in the Americas have not indicated they will seek a price increase. Those producers include Network Polymers, SABIC Innovative Plastics and Styrolution.

($1 = €0.76)

By: Wesley Busch
+1 713 525 2653

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