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Trinseo reduces September PS prices in Europe

September 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 reduction for all polystyrene (PS) grades in Europe, according to the company's press release as of September 2.

Effective September 1, 2021, or as existing contract terms allow, the contract and spot prices for the products listed below went down, as follows:

     - STYRON general purpose polystyrene grades (GPPS) -- by EUR65 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR55 per metric ton;

As MRC reported earlier, Trinseo raised its prices for its PS grades, acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) on August 1, 2021, as stated below:

     - STYRON GPPS -- by EUR45 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR60 per metric ton;
     - MAGNUM ABS resins - by EUR130 per metric ton;
     - TYRIL SAN resins - by EUR90 per metric ton.

According to ICIS-MRC Price report, in Russia, Nizhnekamskneftekhim raised its September selling HIPS an GPPS prices for most buyers by Rb700-750/tonne amid an increase in delivery costs. However, some market participants reported a price roll-over.

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, HIPS, Trinseo (Styron).
Category:General News
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