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ABS: INEOS ANNOUNCES PRICE DECREASES

March 10, 2020

LONDON (GC Intelligence) — INEOS Styrolution, the global styrenics supplier, announced price decreases on acrylonitrile butadiene styrene (ABS).

The company said that from March 1 it will decrease its ABS prices by €55/mt.

The announcement is in line with the big decrease in styrene monomer prices in March of around €120/mt.

ABS margins in Europe have been under pressure for some time, mainly because of strong competition from imports and soft demand.

Demand will most likely slow down even more in the coming months as the coronavirus continues to disrupt markets.

NOTE: For price indices, forecasts, and a more in-depth market analysis take a look at the GC INTELLIGENCE® Market Reports…

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