MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe have announced price increases for all polystyrene (PS), ABS and SAN grades, as per the company's statement.
Effective immediately, or as existing contract terms allow, the May contract and spot prices for the products listed below will increase as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR25 per metric ton;
- MAGNUM ABS resins - by EUR35 per metric ton;
- TYRIL SAN resins - by EUR20 per metric ton.
As MRC reported earlier, Trinseo and its affiliate companies in Europe last announced price increases for all PS, ABS and SAN grades in April 2016. Thus, the April contract and spot prices for the products listed below increased as follows:
- STYRON GPPS, STYRON and STYRON A-TECH HIPS - by EUR105 per metric ton;
- MAGNUM ABS resins - by EUR120 per metric ton;
- TYRIL SAN resins - by EUR95 per metric ton.
In March 2016, the price rise was as follows:
- STYRON GPPS grades, STYRON and STYRON A-TECH HIPS grades - by EUR100 per metric ton;
- MAGNUM ABS resins - by EUR70 per metric ton.
Formerly known as Styron, Trinseo has completed the name change process for most legal entities around the world. Some Styron companies are still completing this process and will continue to do business as Styron until their respective name changes are complete.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. TrinseoпїЅs 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 USD4.0 billion in revenue in 2015, with 18 manufacturing sites around the world, and more than 2,200 employees.
MRC