Feedstock, Olefins and Aromatics
Europe ABS June prices settle at rollover to €20/tonne up
ICIS News : 21-Jun-13 23:59
LONDON (ICIS)--European acrylonitrile-butadiene-styrene (ABS) June domestic prices have settled at a rollover to an increase of €20/tonne, buyers and sellers confirmed on Friday.
Compounding grade (natural) was assessed at €2,195-2,205/tonne FD ($2,888-2,901/tonne) (free delivered) NWE (northwest Europe), injection moulding (natural) at €2,285-2,310/tonne FD NWE and extrusion grade (natural) at €2,210-2,310/tonne FD NWE, according to ICIS.
Producers took advantage of relatively small increases in feedstock styrene and acrylonitrile (ACN) costs and passed on an increase of €20/tonne to some ABS buyers.
However, customers who were already on slightly higher prices achieved rollovers from producers.
“[June domestic price negotiations] finished more strongly because of good demand,” a producer said, adding that it had managed to increase June prices for almost all its customers.
On the buy side, demand was seen as stable.
“[We have] good demand,” a buyer said, adding: “there was no decrease [in demand]. [We were] fearing a decrease [because of the approaching summer holiday period in July] but didn't see it.”
A second producer, who had to give rollovers to some of its customers who were already on higher prices said: “demand is stable, not bad, not great either”.
ABS has a variety of uses in the automotive, construction and household goods markets amongst others.
($1 = €0.76)
By Matt Tudball
+44 208 652 3214