Acrylonitrile butadiene styrene Prices, markets & analysis
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Acrylonitrile Butadiene Styrene US Transcript
ICIS report for US Acrylonitrile Butadiene Styrene, or ABS, covers domestic prices for medium and high grade injection material and medium and high grade extrusion material.
Domestic prices are set by contract negotiations between producers, sellers, distributors, and buyers, taking into account that discounts generally offered depending on the order size.
There are no predetermined contract settlement dates and the ICIS report reflects the fluidity of price movements which often respond to feed stock prices.
The US assessed prices are gathered by talking to major North American producers, distributors and buyers and inputting the data into the report. The report is essential to our customers as it offers subscribers the most recent and detailed information in the ABS market, price increase nominations or decreases and supply and demand patterns.
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US acrylonitrile-butadiene-styrene (ABS) prices were unchanged in the first part of the third quarter, followed by a 2 cents/lb increase that continued to hold.
Feedstock costs had little impact early on, mainly because they were mixed. Acrylonitrile (ACN) spot prices rose on tight supply because of scheduled turnarounds. However, that was offset by butadiene (BD) contract prices, which dropped sharply in August and rolled over on a split settlement in September. Styrene monomer (SM) was mostly flat.
ABS prices increased in early October as BD contracts and SM nominations rose then held steady as BD and SM spot prices continued to drop.
The US auto industry continued to drive demand for ABS in plastic parts. Automakers began ramping up production to introduce new models, but because the uptick was gradual, producers said they have been able to manage capacity. Despite some downward movement in September auto sales, demand for ABS remained relatively strong in October.
Meanwhile, the US housing market, which demands ABS for appliances and electronics and some building materials, continued to report mixed results.
Updated to mid-November 2013
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Acrylonitrile butadiene styrene.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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