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Petrochemicals

Ineos Styrolution announces rollover in European Jan acrylonitrile butadiene styrene

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Ineos Styrolution announces rollover in European Jan acrylonitrile butadiene styrene

London — Ineos Styrolution has announced a rollover in European prices for its acrylonitrile butadiene styrene January, effective January 1, according to a statement on its website.

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No outright prices were given.

The statement follows the downwards movement of its feedstocks.

The January industry-settled European butadiene contract price was agreed down Eur60 on the month to Eur865/mt (996/mt) FD NWE. The styrene contract was settled down Eur15 to Eur975/mt ($1,122/mt).

The acrylonitrile contract typically settles at the end of the month. The spot market has faced downward pressure from weak demand and weak crude oil prices.

S&P Global Platts assessed the ABS spot and contract prices at Eur1,600/mt FD NWE Wednesday, up Eur40 on the week.

Approximately 58% of styrene, 25% of acrylonitrile and 18% butadiene are used for the production of ABS.

--Olu Shaw, olu.shaw@spglobal.com

--Edited by Jonathan Dart, jonathan.dart@spglobal.com

Trade tensions, megatrends, and sustainability in European petrochemicals

Trading relationships top the minds of many in Europe, namely the evolving trade tensions between China and the US, and Brexit. Join a discussion on this and other issues with special guest Dorothee Arns, Executive Director, Petrochemicals Industry Sector, Cefic.

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