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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), 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. |
