The European ABS (Acrylonitrile Butadiene Styrene) market witnessed a marginal rebound in April xxxx. It appears that prices have continued to rise into the second half of April, with a consistent increase in the feedstock Styrene prices. Some of the European ABS suppliers have already proposed increases matching the monomer hike to recover margins. However, US ABS prices stabilized and expected the show a dip along with ease in the upstream cost pressure.
In Europe, two leading styrene producers, TotalEnergies and LyondellBasell, are preparing to terminate force majeure declarations on styrene by the latter half of April, improving supply constraints across the region and indicating further stabilization the ABS market players’s margins. LyondellBasell&#xx;s Maasvlakte facility, with an annual styrene production capacity of xxx,xxx metric tons, stands as the largest styrene manufacturing unit in Europe. On the other hand, TotalEnergies&#xx; Gonfreville site produces xxx,xxx metric tons of...
