05 February 2013 22:36 [Source: ICIS news]
HOUSTON (ICIS)--SABIC Innovative Plastics is seeking an additional hike of 6 cents/lb ($132 tonne, €98/tonne) for its full line of acrylonitrile-butadiene-styrene (ABS) material, a company source confirmed on Tuesday.
The increase is being sought to cover continued increasing costs for feedstocks, specifically styrene, whose feedstock benzene rose through much of 2012 and into 2013.
Styrene is the predominate material in ABS.
Buyers anticipated that there would be additional increases sought by ABS producers.
This is the second increase SABIC has sought this year. However, the initial increase was only for the company’s extruded pipe, sheet and pipe fittings material. The initial increase called for 5 cents/lb.
Extrusion medium impact ABS in bulk has a domestic price range of 129-152 cents/lb.Most of the other ABS producers have also sought at least one price increase this year because of rising feedstock costs.
Both companies sought January increases and are now seeking March increases.
Styron’s proposed increases have been for 5 and 4 cents/lb, while INEOS has sought increases of 4 cents/lb twice.
Styrolution has sought one price increase, a 4 cent/lb increase from 1 February.
Network Polymers has not sought an increase.
US producers of ABS include INEOS ABS, Network Polymers, SABIC Innovative Plastics, Styrolution and Styron.
($1 = €0.74)
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