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Trinseo raises March PS and ABS prices in Europe

March 03/2021

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 March 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 EUR520 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR520 per metric ton;
     - MAGNUM ABS resins - by EUR430 per metric ton.
   
As MRC informed before, Trinseo last raised its prices for all PS and ABS on February 1 2021, as stated below:

     - STYRON GPPS -- by EUR40 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR40 per metric ton;
     - MAGNUM ABS resins - by EUR200 per metric ton.

According to ICIS-MRC Price report, prices of Nizhnekamskneftekhim's PS is expected to rise by Rb20,000/tonne in early spring under the pressure of a sharp and significant increase in feedstock prices and strong demand in the PS market. The main market players said they expect the shortage of PS to remain in March. Penoplex announced plans to  raise prices of its material by  Rb20,000/tonne.

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, HIPS, Nizhnekamskneftekhim, Penoplex-Kirishy, Trinseo (Styron), Russia.
Category:General News
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