IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Styrene

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

8:22 AM MST | February 22, 2013 | Francinia Protti-Alvarez

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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