01 February 2013 22:12 [Source: ICIS news]
The increase is timed for 1 March.
“This increase is necessary to mitigate continued rising raw material costs,” Sytron's Martin Lindway said in the letter to customers.
This is the second increase Styron has sought for its ABS in 2013. The first one sought an increase of 5 cents/lb.
Extrusion medium impact ABS in bulk has an assessed domestic price of 129-152 cents/lb.
The contract price for feedstock styrene, which typically makes up about 60% of the material, has climbed each of the last six months, moving from an average of 69 cents/lb in June to an average of 81.25 cents/lb in December.
The January contract price for styrene has not been settled.
Acrylonitrile (ACN), which makes up about 20% of the material, has moved higher in each month since the June contract price, and the January contract price for domestic delivery (DEL) has an average price of 112.5 cents/lb.
The contract price for feedstock butadiene (BD) peaked in April and has moved down or been flat each month since then. The February contract price for BD is 76 cents/lb.
($1 = €0.74)
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