Wednesday, July 30, 2008

SABIC IP announces FM on ABS in North America, Taiwan's FCFC running at 50%

Under pressures of feedstock shortage, SABIC Innovative Plastics has declared force majeure (FM) on ABS and SBR products in North America. Compelled by prolonged tight supply from butadiene (BD) produucers, SABIC IP has put acrylonitrile-butadiene-styrene (ABS) and styrene-butadiene-rubber (SBR) customers on 75% sales allocation, with amounts based on order history during the past six months.

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