INEOS Styrolution announced price decreases on Acrylonitrile Butadiene Styrene (ABS) in June. In a recent note on its website, Styrolution announced price decreases from May to June on ABS of €140/mt.
The announced decrease is most certainly to do with the big decline in the styrene contract in June.
However, tight supply, higher prices of the other raw materials, and good demand, will most probably limit the the downside in ABS prices in June.
A decrease in June will break a rather lengthy upward trend in ABS prices. In fact, according to GC Intelligence price assessments, European prices have not posted losses for over a year.
The last ABS price decrease was in May 2020, during the first wave of the pandemic in Europe.