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) grades in Europe, according to the company's press release.
Effective December 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 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 also reduced its prices for all PS grades on 1 November 2019, as stated below:
- STYRON GPPS grades - by EUR45 per metric ton;
- STYRON and STYRON A-Tech HIPS grades - by EUR45 per metric ton.
According to ICIS-MRC Price report, last week, Russian market participants were waiting for information from Nizhnekamskneftekhim on next month's prices. Amid lower prices of material in foreign markets, Nizhnekamskneftekhim took a non-traditional approach to this month's pricing. December prices will decrease by Rb3,000/tonne and will roll over for January for those buyers that will contract PS quantities for two months in advance. For those buyers that will contract only December quantities, next month's prices will be reduced by only Rb1,000/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.
MRC