Acrylonitrile butadiene styrene Prices, markets & analysis
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Acrylonitrile butadiene styrene Overview Transcript
The Asian ABS market is the fastest growing among the stryrenic resins. This is mainly due to them being used in many applications.
Common useage for ABS include sectors such as automobiles, consumer electronics, office equipment, personal computers, toys and construction.
ABS can be fused with other plastics to form alloys. This further extends the useage of the resin in other sectors such as mobile phone casings which use PC/ABS alloy.
China is the largest importer and user of the resin in Asia given its huge manufacturing base.
The spot market is active and liquid with major sellers from Taiwan, Korea, and South East Asia competing for a piece of the action each week China continues to expand its domestic ABS capacity each year, but demand always increases in tandem, resulting in the continual need for large volume imports.
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European acroylonitrile-butadiene-styrene (ABS) prices tracked the feedstock styrene contract price movements over the second quarter. Freely negotiated business in April and May saw a €15/tonne increase, in line with the €15/tonne and €20/tonne rise in styrene’s April and May contracts respectively. Demand was weaker in the second half of April because of Easter. Demand did not improve much in May due to a spate of public holidays across Europe throughout the month.
Early in the second quarter, competitively-priced Asian imports put some pressure on European producers to minimise their price increases. However, in June most Asian suppliers rolled prices over because of firmer Asian feedstock costs.
A European ABS producer said June was its strongest month to date, especially for the injection-moulding grade. However, the producer still had to lower its June prices by €10-15/tonne for that grade and by up to €30/tonne for other grades. This was because of a €45/tonne drop in the June styrene contract and a €35/tonne drop in the June butadiene (BD) contract.
Updated to Q2 2014
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