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Trinseo reduces November PS prices in Europe

November 06/2019

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 decrease for all polystyrene (PS) in Europe, according to the company's press release.

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

    -- STYRON general purpose polystyrene grades (GPPS) -- by EUR45 per metric ton;
    -- STYRON and STYRON A-Tech and STYRON X- Tech high impact polystyrene grades (HIPS) - by EUR45 per metric ton.

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

     - STYRON GPPS grades - by EUR20 per metric ton;
     - STYRON and STYRON A-Tech HIPS grades - by EUR20 per metric ton.

According to ICIS-MRC Price report, there was a shortage of GPPS in the Russian PS market in late October, whereas the shortage was even more acute in the HIPS market. The shortage of HIPS is expected to remain until the end of the month. On the back of this, some market participants expected  October prices of Russian PS to roll over for November, despite the price pressure from foreign markets. Nevertheless, prices of Nizhnekamskneftekhim's material dropped by Rb2,000/tonne in November.

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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