15 February 2013 09:44 [Source: ICB]
Network Polymers is seeking an additional 6 cents/lb ($132/tonne, €98/tonne) for its ABS, effective 11 March, a company source confirmed on 7 February. The move comes after SABIC Innovative Plastics' 6 cents/lb hike confirmed on 5 February.
The increases are 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.
This is the second increase SABIC has sought this year. However, the initial increase, which called for 5 cents/lb, was only for the company's extruded pipe, sheet and pipe fittings material.
Extrusion medium impact ABS in bulk has a domestic price range of 129-152 cents/lb.
INEOS ABS, SABIC and Styron each had price increase announcements in January and have now each called for another increase in March.
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