ABS prices decreased €250/mt in August in Europe, according to GC Intelligence assessments. Values remained under pressure due to seasonal trends, lower demand, and competitive imports.
While the decrease acrylonitrile butadiend styrene (ABS) prices was not as much as the combined decrease of raw material prices, rising energy costs prevented gains in margins.
As seen in most polymers, ABS prices surged after the good demand during the pandemic and then again because of the war pushing up overall costs.
Moreover, fear of uncertainty over the war probably influenced some stock build. Since the war started, however, demand has been
going down in Europe at an accelerating pace as the higher energy prices fuelled inflation.
What is more, the competitiveness of Asian imports has also increased in line with the
slump in demand in China.
Prices and margins in August have remained under considerable pressure. This is expected to continue albeit ease somewhat as buying should increase after the holiday period in September.