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 November 3.
Effective November 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 EUR290 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR290 per metric ton;
- MAGNUM ABS resins - by EUR230 per metric ton;
- TYRIL SAN resins - by EUR240 per metric ton.
As MRC reported earlier, Trinseo raised its prices for all PS, ABS and SAN grades on October 1, 2021, as stated below:
- STYRON GPPS -- by EUR55 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR55 per metric ton;
- MAGNUM ABS resins - by EUR60 per metric ton;
- TYRIL SAN resins - by EUR45 per metric ton.
According to ICIS-MRC Price report, in Russia, prices of Russian PS rose significantly this month. Thus, November prices of Nizhnekamskneftekhim's GPPS went up to Rb167,750-178,700/tonne CPT Moscow, including VAT, whereas HIPS prices rose to Rb173,750-184,700/tonne CPT Moscow, including VAT.
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