European Acrylonitrile Butadiene Styrene (ABS) prices in October were assessed broadly in line with expectations. There were some increases of up to €40/mt but also rollovers. The published prices were €20/mt higher on all grades. The quarterly specialty price was assessed at €3,010/mt, white at €2,805/mt, extrusion at €2,700/mt, and natural at €2,620/mt. The price ranges remained considerably wide between players, owing to the ongoing tightness and rather extreme volatility. Some buyers were still facing prices above €3,000/mt, predominately in the distributions market. While others, on formula contracts, had prices below €2,000/mt. However, such low prices were rare, and it is highly likely that sellers when renegotiating these contracts will seek to realign such low prices with the rest of the market. Prices have remained under upward pressure during October. Most of the disruptions that have been supporting prices during the past year have not gone away. Some are even getting worse, such as logistics. And in addition, other supporting factors are developing, the latest the recent spikes in energy prices, impacting feedstocks and cost of production. Some producers across the polymer industry are trying to mitigate the spike in costs of utilities by trying to apply surcharges, for example €200/mt on ABS to €500/mt on POM. However, for now not all producers have announced such measures.
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