Key Takeaways:
-
ABS prices stayed stable despite INEOS Styrolution’s Ohio plant shutdown.
-
Styrene feedstock costs remained flat, easing supply pressure.
-
Market faces risks from tariffs, supply chain issues, and weak consumer sentiment.
-
U.S. auto sales rose year-on-year, driven by EV demand ahead of tax credit expiry.
-
GM, Ford, and Toyota posted strong Qx gains; others saw declines.
-
ChemAnalyst expects slight price dip in September, rebound in October–November.
Styrene is the main variable raw material used in producing ABS, and it remained steady throughout August with no significant changes in price. Styrene served as a buffer for ABS producers who were experiencing slight supply-side pressure from the shutdown in Ohio.
INEOS Styrolution Co., Ltd. officially closed its Ohio plant this month due to economic unviability, effectively taking xx,xxx tonnes of total ABS capacity out of the...
