Styrolution seeks 4 cent/lb US ABS hike for Jan on higher feed

20 December 2013 23:36  [Source: ICIS news]

HOUSTON (ICIS)--Styrolution Americas announced on Friday that it will seek to raise the price of its acrylonitrile-butadiene-styrene (ABS) by 4 cents/lb ($88/tonne, €64/tonne), effective on 13 January.

Previously, INEOS ABS announced on 2 December that it was seeking a 4 cents/lb increase initiative, and Styron notified customers on 5 December that it would raise prices by 4 cents/lb.

In a customer letter dated 20 December, Styrolution said: "This price increase is necessary due to raw material price increases that we are experiencing at this time."

US styrene spot prices have risen on the back of stronger benzene prices and tight supply from production issues, while US butadiene (BD) spot prices are up on tight supply from low production and a lack of imports.

US acrylonitrile (ACN) prices remain low, but supply is tightening with Pemex/Unigel idling the Morelos plant in Mexico since November and with INEOS Nitriles announcing that it will reduce operating rates at its Green Lake plant in Texas to 50% of capacity.

ABS market participants said they will have a better idea if the increase initiatives will be successful after the Christmas holiday or new year.

Currently, US extrusion medium impact ABS in bulk has a domestic price range of 128-151 cents/lb, as assessed by ICIS.

($1 = €0.73)

Follow Tracy on Twitter

By: Tracy Dang
+1 713 525 2653

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

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