European ABS prices likely to remain stagnant during 2013 due to poor demand, oversupply

Oversupply and sluggish demand will continue to impact the price of acrylonitrile butadiene styrene (ABS) in Europe throughout 2013 with changes mostly dictated by feedstock prices, a recently published IHS Chemical report says. In particular, the price of styrene--which represents the main cost component of ABS--will be marked by the wrangling between weak downstream demand and a contraction in global supply, another IHS Chemical report says. The latest available ABS price quoted by IHS Chemical for Europe is €2,350/m.t. delivered, at the end of January...

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