Contract prices of acrylonitrile-butadiene-styrene (ABS) rose by an average of EUR45 for deliveries in November in Europe per tonne, according to ICIS, citing sources in the market.

In general, the negotiations regarding the November contracts are still ongoing.

According to manufacturers, the demand is still at a high level thanks to the support of high prices in Asia, and it is expected that this trend will continue also in December. They note that the commodity stocks are reduced by the end of the year.

Prices ABS grow due to expectations of increasing raw material quotations – styrene in December. Spot styrene prices in Europe are growing due to high prices in Asia and some production problems in the United States.

Earlier it was reported that the European market October contract prices ABS were either prolonged from September, or were dropped off at EUR10 per tonne depending on the grade.

As reported by the MRC before, after the conclusion of several transactions on styrene, on 9 November, on Wednesday, at USD1 045 per tonne level, the next day buying orders were to USD1 080-1 090 per tonne level and on the level of USD1 110 quotations per tonne . This November transactions were concluded at the level of USD1 080-1 085 per tonne. Styrene prices in Europe increased due to increased material quotations in Asia, where the transactions were concluded at USD1 200 at November 10 per tonne, CFR due to increased buying interest.

According to the price review ICIS-MRC, ABS plastics consumption in Russia increased by 8% during the first three quarters of this year and amounted to 32.4 thousand. Tonnes. Imports ABS increased by 4% to 20 thousand. Tons.