European ABS prices to stagnate in 2013 on 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 recent IHS Chemical report says. In particular, the price of styrene—which represents the main cost component of ABS—will be marked by 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. ($3,084) delivered, in late January. Styrene demand will...

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