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Trinseo raises October prices for latex binders in EMEA

October 09/2019

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe, has announced an increase in October prices for all latex products sold into the Paper & Board, Carpet & Textile, and Adhesive & Construction Binder markets in the EMEA region, as per the company's press release.

Effective October 3, 2019, or as existing contract terms allow, the increase was EUR60 per dry metric ton.

As MRC informed before, Trinseo raised its prices for all polystyrene (PS) grades on 1 October 2019, as stated below:

    -- STYRON general purpose polystyrene grades (GPPS) -- by EUR20 per metric ton;
    -- STYRON and STYRON A-Tech and STYRON X- Tech high impact polystyrene grades (HIPS) - by EUR20 per metric ton.

According to ICIS-MRC Price report, prices of Russian PS went up in October. Overall supply of material increased, but a shortage remained. Demand and supply of PS might be finally balanced in the domestic market in November.
Some major buyers reported an increase of Rb2,000/tonne in prices of Nizhnekamskneftekhim's PS this month. Prices for some medium-sized converters grew by Rb3,000/tonne.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees.
Author:Margaret Volkova
Tags:Africa, Near East, Europe, PS, GPPS, HIPS, flooring, adhesives, construction, textile, cardboard lamination, Trinseo (Styron), Nizhnekamskneftekhim, Russia.
Category:General News
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