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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), acrylonitrile-butadiene-styrene (ABS) and
acrylonitrile-styrene copolymer (SAN) in Europe, according to the company's
press release.
Effective June 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 EUR85 per metric
ton;
- STYRON and STYRON A-Tech and STYRON X- Tech
and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR85 per metric
ton;
- MAGNUM ABS resins - by EUR70 per metric
ton;
- TYRIL SAN resins - by EUR80 per metric
ton.
As MRC informed before,
Trinseo raised its prices for all PS grades on 1 May 2020, as stated
below:
- STYRON GPPS grades - by EUR10 per
metric ton;
- STYRON and STYRON A-Tech HIPS grades -
by EUR10 per metric ton.
According to ICIS-MRC Price report,
the situation in the Russian polystyrene (PS) market remained the same last
week. Some regional suppliers and HIPS and GPPS converters estimate the current
decrease in material consumption at 25-30%. Market prices of
Nizhnekamskneftekhim's GPPS were still in the range
of Rb71,000-74,000/tonne, whereas HIPS prices were at
Rb75,000-78,000/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 USD3.8 billion in net sales in
2019, with 17 manufacturing sites around the world, and approximately 2,700
employees. |
