07 February 2013 20:33 [Source: ICIS news]
This is the last of the five US ABS producers to seek an increase in 2013. Like the other proposed increases, rising feedstock costs are the cited reasons for the producers to seek price increases.
Buyers anticipated each of the producers would seek price increases.
The effective date for Network's increase is 11 March.
Currently, the ICIS assessed price for extrusion medium-impact ABS in bulk is 129-1582 cents/lb.
The other producers include INEOS ABS, SABIC Innovative Plastics, Styrolution and Styron.
Styrolution issued an increase proposal for 1 February.
($1 = €0.74)
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