ChemAnalyst Data Pvt Ltd

  North America In the first quarter of 2024, the North American ABS market continued its upward trajectory. The demand in downstream industries remained steady, and there were no reported plant shutdowns. The market experienced some fluctuations, particularly in the USA, due to adverse weather conditions such as fog and wind, which disrupted terminal operations and led to shortages and global production delays. Consequently,  ABS prices  consistently increased throughout Q1 2024. This trend was further fueled by a continuous rise in feedstock Styrene prices. In response to margin challenges, many US ABS suppliers proposed price increases to align with the surge in monomer costs. The USA market also saw an upward trend in ABS prices due to increased demand in the home appliance sector and a seasonal rise in procurement sentiments. Additionally, rising costs, producers' margin recovery goals, and inadequate supplies are expected to sustain the bullish trend. By the end of ...