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Trinseo raises October PS, ABS, and SAN prices in Europe

October 08/2020

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), acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) in Europe, according to the company's press release as of 5 October.

Effective October 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 and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR75 per metric ton;
     - MAGNUM ABS resins - by EUR50 per metric ton;
     - TYRIL SAN resins - by EUR30 per metric ton.

As MRC informed before, Trinseo last raised its prices for all PS, ABS and SAN grades on 1 September 2020, as stated below:

     - STYRON GPPS -- by EUR30 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR30 per metric ton;
     - MAGNUM ABS resins - by EUR35 per metric ton;
     - TYRIL SAN resins - by EUR30 per metric ton.

According to ICIS-MRC Price report, October prices of Russian PS continued their upward trend. A shortage of material remained in the domestic market. Traders said Nizhnekamskneftekhim reduced its offer prices for this month's PS purchases to 40%. October prices of Nizhnekamskneftekhim's GPPS grew for the agreed with buyers quantities to Rb89,000-95,000/tonne CPT Moscow, including VAT, whereas HIPS - to Rb93,000-99,000/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.


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