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Trinseo raises January PS, ABS and SAN prices in Europe

January 12/2021

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.


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