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Trinseo raises October PS prices in Europe

October 04/2019

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe have announced a price increase for all polystyrene (PS) grades in Europe, said the company on its site.

Effective October 1, 2019, or as existing contract terms allow, the contract and spot prices for the products listed below rose as follows:

    -- 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.

As MRC informed before, Trinseo last raised its prices for all PS grades on 1 September 2019, as stated below:

     - STYRON GPPS grades - by EUR100 per metric ton;
     - STYRON and STYRON A-Tech HIPS grades - by EUR100 per metric ton.

According to ICIS-MRC Price report, last week, participants of the Russian market were waiting for settlement of October prices of Nizhnekamskneftekhim's PS. Their opinions ranged from a roll-over of September prices to an increase of Rb3,000/tonne. Several major market participants said last Friday Nizhnekamskneftekhim's selling prices would rise by Rb2,000/tonne in October. The continuing shortage of PS in the Russian market was the main reason for the increase.

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:Europe, PS, GPPS, HIPS, Nizhnekamskneftekhim, Trinseo (Styron), Russia.
Category:General News
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