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 decrease for all polystyrene (PS), as per the company's press release.
Effective 1 July, 2019, or as existing contract terms allow, the contract and spot prices for the products listed below will decrease as follows:
- STYRON general purpose polystyrene grades (GPPS) - by EUR5 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech high impact polystyrene grades (HIPS) - by EUR5 per metric ton.
As MRC informed before, Trinseo reduced its prices for all PS grades on 1 June,l 2019. Thus, June prices for the said products went down, as stated below:
- STYRON GPPS grades - by EUR105 per metric ton;
- STYRON and STYRON A-Tech HIPS grades - by EUR105 per metric ton.
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 USD4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees.
MRC