MOSCOW (MRC) -- In early April trading companies increased price offer for ABS, on average, by RUB 2.000 - 3.000/t under the pressure of prices growth in the external markets and stable demand in the Russian market, according to ICIS-MRC Price report.
Natural ABS price in the Asian markets in mid-February reached record USD 2.340 - 2.360/mt, CFR China, while in July 2010 it was within USD 1.800 - 1.820/mt, CFR China. Such a considerable growth of material cost is connected with increased expenses for its production as well as growth of world volumes of ABS consumption.
Asian ABS, contracted during the price peak, came to the Russian market in late March - early April. Increased expenses during materials contracting affected the price of materials. Increase of price offer became possible due to continually high demand for ABS in March from converters. Some market players say about concluded orders till the end of April.
Russian producers of ABS Plastic (Uzlovaya) refrained from raising prices for April deliveries. In March Russian companies couldn't get necessary volumes of materials, as a result there is an insignificant deficit of some positions. According to market players, current market conditions afford to expect raised cost for the Russian ABS in the second half of April minimum by RUB 2.000/t.