The relentless climb in ABS prices continues and shows no sign of abating.
INEOS Styrolution increases ABS prices by €400/mt in Europe for its Terluran ABS from from 1 March 2021, according to a note on its website.
The big increase reflects the recent spike in styrene monomer prices, with the contract for March increasing €500/mt.
While butadiene (BD) and acrylonitrile (ACN) increased by a smaller amount, they still contributed to an overall increase in ABS costs in March.
Moreover, the shortage of ACN in Europe continues to impact ABS producers. And the shortage of acrylonitrile butadiene styrene (ABS) has been critical for months.
As ABS prices have rallied for months, values have now reached well above €2,000/mt for many players. For some prices exceed even €3,000/mt.
On the demand side, activity downstream remains healthy across most market segments, a situation likely to continue at least until the end of H1 2021.