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Updated to Q1 2017
US acrylonitrile-butadiene-styrene (ABS) prices firmed during the first quarter on the back of surging feedstock prices, and strength in Asia for most of the first two months.
One ABS producer’s nominated price increase for March has been accepted in the marketplace, according to the producer. It is as yet unclear if other producers will achieve the same results.
Prior to this month the three major ABS producers separately nominated increases of 10-17 cents/lb for March. US producers have been bullish on implementing March price increases in the freely negotiated contract market.
If prices start to tumble late in the second quarter, it is very important to producers that they get prices up now, one distributor said. Another distributor said that it expects April prices to be unchanged. That would seem to reflect the drop on various feedstocks and weakening ABS prices in Asia. US demand, however, remains strong.
At least three US ABS producers nominated separate price increases for January and February in the freely negotiated contract market.
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