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Trinseo raises May PS prices in Europe

May 21/2020

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) in Europe, as per the company's press release.

Effective May 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 EUR10 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech high impact polystyrene grades (HIPS) - by EUR10 per metric ton.

As MRC informed before, Trinseo reduced its prices for all PS grades on 1 April 2020, as stated below:

     - STYRON GPPS grades - by EUR180 per metric ton;
     - STYRON and STYRON A-Tech HIPS grades - by EUR180 per metric ton.   

According to ICIS-MRC Price report, in Russia, after another price reduction in May, several major market participants are determined to maintain the achieved price levels next month. Prices of European material, including delivery to the domestic market, were steadily higher than prices of Russian PS. Nizhnekamskneftekhim's GPPS was offered at Rb71,000-74,000/tonne CPT Moscow, including VAT, in May, whereas HIPS - at UAH75,000-78,000/tonne CPT Moscow, including VAT.   

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.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PS, GPPS, HIPS, Nizhnekamskneftekhim, Trinseo (Styron), Rossiya.
Category:General News
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