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INEOS DECLARES FORCE MAJEURE ON ABS

October 12, 2021

INEOS declares force majeure (FM) on ABS from US plant in Addyston, Ohio.

The 180,000 kt/pa plant has apparently suffered technical issues.

With European acrylonitrile butadiene styrene market (ABS) still tight, buyers expect further contraction in supply.

The FM in the US will probably prevent any extra volumes coming from the US to close the supply gap in Europe.

European buyers have continued to experience very low availability recently.

Versalis had declared FM in Italy due to technical problems.

This latest event on supply in the US will likely turn the scarcity in Europe from severe to critical for some buyers.

Meanwhile, as energy prices continue to go up, sellers are looking to implement cost surcharges.

This ongoing upside support on ABS prices will mean that that buyers will likely not see price decreases for the next few months. At least not before the end of the year.

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