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

November 05/2020

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 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.


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