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.
Effective April 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 EUR330 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR330 per metric ton;
- MAGNUM ABS resins - by EUR300 per metric ton;
- TYRIL SAN resins - by EUR350 per metric ton.
As MRC informed before, Trinseo last raised its prices for all PS and ABS on March 1 2021, as stated below:
- STYRON GPPS -- by EUR5200 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR520 per metric ton;
- MAGNUM ABS resins - by EUR430 per metric ton.
According to ICIS-MRC Price report, prices of Russian PS grew significantly in April an broke the next historical records. All domestic producers announced an increase in PS prices last week. Such an abnormal price rise became critical for many small-sized converters.
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 USD3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees.
MRC