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Trinseo reduces April PS prices in Europe

April 06/2020

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

Effective April 1, 2020, 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 EUR180 per metric ton;
     -- STYRON and STYRON A-Tech and STYRON X- Tech high impact polystyrene grades (HIPS) - by EUR180 per metric ton.

As MRC informed before, Trinseo last reduced its prices for all PS grades on 1 March 2020, 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, in Russia, Nizhnekamskneftekhim reduced its April selling PS prices by  Rb10,000/tonne. GPPS for injection moulding and extrusion was offered at Rb86,000-90,000/tonne CPT Moscow, including VAT, whereas HIPS - at Rb90,000-94,000/tonne CPT Moscow, including VAT.  Penoplex reduced its GPPS prices by Rb10,000/tonne. Demand for the Kirishi plant's material remained quite good. And Gazprom neftekhim Salavat reduced its indicative prices by Rb8,000/tonne, and its GPPS prices for small- and medium-sized buyers have not been settled yet.

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, Gazprom neftekhim Salavat, Nizhnekamskneftekhim, Penoplex-Kirishy, Trinseo (Styron), Russia.
Category:General News
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