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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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Updated to Q4 2016
The US acrylonitrile-butadiene-styrene (ABS) market in the fourth quarter was characterised by slightly stronger prices in the freely negotiated contract market. Formula pricing was also slightly higher in the fourth quarter on the back of feedstock movement.
Demand for domestically-supplied (ABS) was higher in December as Asian ABS prices continued to climb. ABS demand typically drops off in November and December due to seasonality factors. CFR NE Asia general purpose injection grade ABS prices jumped by 33% from 13 May until early December. Similarly, the same grade of ABS on a CFR SE Asia basis rose by 25% from 17 June through early December.
Domestic supply began to tighten in September when producer SABIC implemented a new global enterprise resource planning (ERP) system. The producer notified customers that it would be able to supply product for about three weeks. However, SABIC was still dealing with various delivery issues several weeks later in December. Some of SABIC's customers were forced to secure supply from other producers, and it was unclear if the switch in suppliers was permanent or not.
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. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Acrylonitrile butadiene styrene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
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