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Trinseo raises February PS and ABS prices in Europe

February 04/2021

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) and acrylonitrile-butadiene-styrene (ABS) in Europe, according to the company's press release.

Effective February 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 EUR40 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR40 per metric ton;
     - MAGNUM ABS resins - by EUR200 per metric ton.
    
As MRC informed before, Trinseo last raised its prices for all PS, ABS and acrylonitrile-styrene copolymer (SAN)  grades on January 1 2021, as stated below:

     - STYRON GPPS -- by EUR135 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR135 per metric ton;
     - MAGNUM ABS resins - by EUR400 per metric ton;
     - TYRIL SAN resins - by EUR170 per metric ton.

According to ICIS-MRC Price report, last week, Nizhnekamskneftekhim announced to buyers an increase of Rb12,000/tonne in its February selling PS prices. Thus, prices of Nizhnekamskneftekhim's GPPS will reach Rb122,000-128,000/tonne, CPT Moscow, including VAT, this month, whereas HIPS prices will reach Rb126,000-132,000/tonne CPT Moscow, including VAT. Prices of Penoplex's material will grow even higher, the total range of February prices will be Rb129,000-131,000/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.


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