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Trinseo raises August PS, ABS and SAN prices in Europe

August 05/2021

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 August 3.

Effective August 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 EUR45 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR60 per metric ton;
- MAGNUM ABS resins - by EUR130 per metric ton;
     - TYRIL SAN resins - by EUR90 per metric ton.

As MRC reported earlier, Trinseo reduced its prices for PS grades on July 1, 2021, as stated below:

     - STYRON GPPS -- by EUR190 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR170 per metric ton.

According to ICIS-MRC Price report, Russian market players expected August prices for Nizhnekamskneftekhim's material to be announced last week. By the end of last week, Nizhnekamskneftekhim  reported a reduction of Rb5,000/tonne in its next month's PS prices, said several major market players.

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.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PS, ABS, GPPS, SAN, styrene, HIPS, Trinseo (Styron).
Category:General News
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