|
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 January.
Effective January 1, 2021, 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 EUR135 per metric
ton;
- STYRON and STYRON A-Tech and STYRON X- Tech
and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR135 per metric
ton;
- MAGNUM ABS resins - by EUR400 per metric
ton;
- TYRIL SAN resins - by EUR170 per metric
ton.
As MRC informed before,
Trinseo last raised its prices for all PS and ABS and and grades on 1
December 2020, as stated below:
- STYRON GPPS --
by EUR250 per metric ton;
- STYRON and STYRON A-Tech
and STYRON X- Tech and STYRON C- Tech HIPS - by EUR250 per metric
ton;
- MAGNUM ABS resins - by EUR305 per metric
ton.
According to ICIS-MRC Price
report, in Russia, at the beginning of 2021, prices of
Nizhnekamskneftekhim's material will increase by Rb10,000/tonne under the
pressure from feedstock prices and strong demand in the PS market and will reach
their maximum over the past two years. Penoplex plans to raise prices of its
material by Rb10,000-12,000/tonne. On the back of this, Gazprom neftekhim
Salavat is also expected to raise its PS prices after the New Year holidays. The
shortage of material will remain next 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. |
