Acrylonitrile Butadiene Styrene (ABS) Prices Trend | Pricing | Database | Index | News | Chart
Acrylonitrile Butadiene Styrene (ABS) Prices Trend | Pricing | Database | Index | News | Chart
North America
In the first quarter of 2024, the North American ABS market continued its upward trajectory. The demand in downstream industries remained steady, and there were no reported plant shutdowns.
The market experienced some fluctuations, particularly in the USA, due to adverse weather conditions such as fog and wind, which disrupted terminal operations and led to shortages and global production delays. Consequently, ABS prices consistently increased throughout Q1 2024. This trend was further fueled by a continuous rise in feedstock Styrene prices. In response to margin challenges, many US ABS suppliers proposed price increases to align with the surge in monomer costs.
The USA market also saw an upward trend in ABS prices due to increased demand in the home appliance sector and a seasonal rise in procurement sentiments. Additionally, rising costs, producers' margin recovery goals, and inadequate supplies are expected to sustain the bullish trend. By the end of Q1 2024, the price of ABS Natural Grade DEL Texas in the USA was reported at USD 1796/MT.
Get Real Time Prices for Acrylonitrile Butadiene Styrene (ABS): https://www.chemanalyst.com/Pricing-data/acrylonitrile-butadiene-styrene-19
APAC
In the first quarter of 2024, the APAC region's Acrylonitrile Butadiene Styrene (ABS) market experienced a notable surge, marked by a tight supply-demand balance and rising prices. Several key factors contributed to this situation, including limited stock availability, high input costs, and plant turnarounds. Japan, in particular, saw significant changes in ABS prices, reflecting a bullish market with moderate demand. By the end of the quarter, ABS injection moulding FOB Tokyo in Japan had reached USD 1370/MT, marking a 6% increase from the first half of the quarter.
Plant shutdowns played a crucial role in this market dynamic, leading to reduced inventories and production rates. Various disruptions, including force majeure situations and lower run rates, exacerbated the tight supply-demand balance and subsequent price hikes. For instance, in March 2024, PetroChina Jilin Petrochemical Company underwent a 21-day maintenance turnaround in Guangdong Province, affecting the market. Additionally, the price movement was supported by increased upstream material costs. Consequently, the APAC ABS market remained bullish throughout Q1 2024, with the potential for further short-term price increases due to heightened demand and stabilized upstream material performance.
Europe
During the first quarter of 2024, the ABS market in Europe faced various challenges that impacted supply and availability, including supply chain shortages, logistical issues, and market uncertainties. Rising input costs and a shortage of pre-procured stocks also contributed to the disruption in ABS prices throughout the quarter.
In the German ABS market, moderate demand and limited supplier availability prompted price increases. This trend was consistent, driven by rising feedstock Styrene and Butadiene prices. Upstream oil markets faced geopolitical tensions, including infrastructure attacks in Russia and a Houthi strike in the Red Sea, leading to concerns about global tanker traffic disruptions and subsequent crude oil price increases. In February, ABS prices stabilized due to constrained stock availability and rising input costs, despite insufficient downstream procurement and elevated crude oil values. The regional ABS market began the year steadily, with prices unchanged amidst supply concerns. Market participants anticipated significant price hikes as they monitored the situation. Global supply chains faced uncertainty due to the conflict in the Red Sea, potentially affecting imports into the European ABS market, which relied on this route. Thus, the ABS trend in the first quarter remained consistently upward in the Eurozone.
Get Real Time Prices for Acrylonitrile Butadiene Styrene (ABS): https://www.chemanalyst.com/Pricing-data/acrylonitrile-butadiene-styrene-19
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