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Feedstock concerns send ABS prices soaring to new highs.
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Purchasing
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August 14, 2008
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Copyright informationCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Gordon Graff
Buyers of acrylonitrile-butadiene-styrene (ABS) plastic are finding supplies plentiful but increasingly expensive, a result of the costlier and scarcer feedstocks. While the zooming cost of crude oil is most responsible for the difficult feedstock situation, other causes are at work, including shifting petrochemical process economics, and a booming market for chemical fertilizers. Meanwhile, demand for ABS in the U.S. is notably weaker than last year, as its usual markets such as automotive, construction and durable goods have cooled off significantly.
ABS prices have been going through the roof most of this year, with producers blaming poor feedstock ...
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