|
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 3 November.
Effective Noveber 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 EUR110 per metric
ton;
- STYRON and STYRON A-Tech and STYRON X- Tech
and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR110 per metric
ton;
- MAGNUM ABS resins - by EUR110 per metric
ton;
- TYRIL SAN resins - by EUR80 per metric
ton.
As MRC
informed before, Trinseo last raised its prices for all PS, ABS and SAN
grades on 1 October 2020, as stated below:
-
STYRON GPPS -- by EUR75 per metric ton;
- STYRON and
STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR75 per metric
ton;
- MAGNUM ABS resins - by EUR50 per metric
ton;
- TYRIL SAN resins - by EUR30 per metric
ton.
According to ICIS-MRC Price
report, in Russia, market participants continued to report strong
demand in the HIPS and GPPS market and a shortage of Russian PS last week.
And the shortage of material is expected to remain in November. Prices of
Nizhnekamskneftekhim's material will rise by Rb3,000/tonne in November.
November GPPS prices will be in the range of Rb92,000-98,000/tonne CPT Moscow,
including VAT, whereas HIPS prices will be at Rb96,000-102,000/tonne CPT Moscow,
including VAT. Prices for November quantities of Penoplex's GPPS will be in the
range of Rb95,000-97,000/tonne CPT Moscow, including VAT, this month.
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. |
