Spain's Elix Polymers announces €100/tonne increase on ABS

09 September 2013 15:17  [Source: ICIS news]

LONDON (ICIS)--Spanish polymers producer Elix Polymers has announced an increase of €100/tonne on its Elix acrylonitrile-butadiene-styrene (ABS) products with effect from 15 September, the company said on Monday.

The company said: “Due [to] the additional raw material increases in September we are forced to increase our product prices”.

The European September feedstock styrene barge contract rose by €85/tonne, following a €25/tonne increase in butadiene. 

Buyers are still in discussion with suppliers for September business, but some buyers believe the increase in styrene caught producers a little by surprise.

European producers, particularly in the styrene acrylonitrile (SAN) market, face additional pressure on prices because of a widening gap between Asian suppliers. Asian prices for SAN have been flat in September, with no upward movement.

Elix Polymers’ price announcement comes a week after Switzerland-based ABS and SAN producer Styron announced a €90/tonne increase on both products.

ABS producers are targeting hikes in September because of higher raw materials costs and an expected increase in demand after the summer holiday period.

Elix Polymers' announcement also covers a €60/tonne on its 100 Series ABS products, and a €90/tonne increase on its 200 series SAN products. 

($1 = €0.76)


By: Matt Tudball
+44 208 652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index