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, acrylonitrile-butadiene-styrene (ABS) and acrylonitrile styrene copolymer (SAN) grades in Europe, according to the company's press release.
Effective January 1, 2020, 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 EUR75 per metric ton;
-- STYRON and STYRON A-Tech and STYRON X- Tech high impact polystyrene grades (HIPS) - by EUR75 per metric ton;
- MAGNUM ABS resins - by EUR70 per metric ton;
- TYRIL SAN resins - by EUR70 per metric ton.
As MRC informed before, Trinseo reduced its prices for all PS grades on 1 December 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, the Russian PS market had finally become balanced and stabilized by the end of last year. Nizhnekamskneftekhim's material was received by all market participants in the required quantities in December. Prices of Nizhnekamskneftekhim's material will remain in January at last month's level, in accordance with the agreements between the plant and customers in late 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.
MRC