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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. |
