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 reduction for all polystyrene (PS) in Europe, according to the company's press release as of February 2.
Effective February 1, 2022, 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 EUR40 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR40 per metric ton.
As MRC reported earlier, Trinseo raised its prices for all PS, acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) grades on January 1, 2021, as stated below:
- STYRON GPPS -- by EUR175 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR175 per metric ton;
- MAGNUM ABS resins - by EUR155 per metric ton;
- TYRIL SAN resins - by EUR155 per metric ton.
According to ICIS-MRC Price report, in Russia, prices of Nizhnekamskneftekhim's GPPS were at Rb190,750-201,700/tonne, CPT Moscow, including VAT, in February, whereas HIPS prices were at Rb202,750-213,700/tonne CPT Moscow, including VAT. Prices of Penoplex's material to be shipped in February grew to the range of Rb209,000-211,000/tonne CPT Moscow, including VAT. Prices of Gazprom neftekhim Salavat's GPPS were at Rb190,500-199,000/tonne CPT Moscow, including VAT, in early February.
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