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 ENLITE acrylonitrile-butadiene-styrene long glass fiber (ABS LGF) alloys in the EMEA region, according to the company's press release.
Effective November 1, 2021, or as existing contract terms allow, the contract and spot prices for the products stated above rose by EUR300 per metric ton.
The present price increase in response to unprecedented and escalating pressure from energy prices and apply to all current agreements and contracts for deliveries as of November 1, 2021 and are subject to further potential adjustments linked to fluctuating energy prices.
As MRC reported earlier, Trinseo also raised its prices for all PULSE polycarbonate (PC)/ABS grades in the EMEA region on November 1, 2021 by EUR300 per metric ton.
According to ICIS-MRC Price report, in Russia, Plastk, Uzlovay maintained its ABS prices at the previous month's level and offered lots of over 20 tonnes of uncoloured material at Rb293,000-300,000/tonne FCA Uzlovaya, including VAT, this month. At the same time, the producer said prices for the plant's regular customers might drop by Rb3,000-4,000/tonne.
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.