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 polystyrene (PS) in Europe, according to the company's press release as of July 2.
Effective July 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 EUR190 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR170 per metric ton.
As MRC informed before, Trinseo reduced its prices for PS and acrylonitrile-styrene copolymer (SAN) grades on June 1, 2021, as stated below:
- STYRON GPPS -- by EUR290 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR290 per metric ton;
- TYRIL SAN resins - by EUR170 per metric ton.
According to ICIS-MRC Price report, prices of Russian PS fell sharply in July, as market participant expected. Nizhnekamskneftekhim reduced its selling prices of material for large-sized buyers that purchase PS directly from the plant by roubles (Rb) 20,000/tonne. Penoplex also significantly reduced its selling GPPS prices on the back of a substantial reduction in styrene monomer (SM) prices.
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.
MRC