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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 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. |
