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 January 5.
Effective January 1, 2022, 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 EUR175 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR175 per metric ton;
- MAGNUM ABS resins - by EUR155 per metric ton;
- TYRIL SAN resins - by EUR155 per metric ton.
As MRC reported earlier, Trinseo raised its prices for all PS, ABS and SAN grades on December 1, 2021, as stated below:
- STYRON GPPS -- by EUR50 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR50 per metric ton;
- MAGNUM ABS resins - by EUR50 per metric ton;
- TYRIL SAN resins - by EUR50 per metric ton.
According to ICIS-MRC Price report, in Russia, prices of Nizhnekamskneftekhim's GPPS rose by Rb6,000/tonne at the beginning of the year and reached Rb178,750-189,700/tonne CPT Moscow, including VAT, whereas HIPS prices reached Rb184,750-195,700/tonne CPT Moscow, including VAT. January prices of Penoplex's material grew by Rb2,000/tonne to Rb197,000-199,000/tonne CPT Moscow, including VAT, whereas prices of Gazprom neftekhim Salavat's GPPS were in the range of Rb178,500-187,000/tonne CPT Moscow, including VAT, this week.
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.