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The United States experienced a substantial increase in ABS prices during the later weeks of January **** because of two main factors, which included a significant rise in styrene costs and continuous upstream price increases and ongoing transportation problems. The market experienced substantial price growth because of strong cost-push factors, which occurred despite only a slight increase in downstream manufacturing activity. The price of styrene has been rising throughout all major global regions since late December because of a market-wide upward movement that affects all areas. The Asian markets experienced growth from December to January, but Indian domestic prices saw a greater increase during that time. The substantial price increases resulted in higher production costs for ABS, which enabled US prices to increase.
The prices of styrene experienced upward movement because of higher expenses associated with benzene and geopolitical conflicts. The unrest in the Middle East led...
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