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 April 4.
Effective April 1, 2022, or as existing contract terms allow, the contract and spot prices for the products listed below rose to reflect current market conditions as follows:
- STYRON general purpose polystyrene grades (GPPS) -- by EUR430 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR430 per metric ton;
- MAGNUM ABS resins - by EUR430 per metric ton;
- TYRIL SAN resins - by EUR430 per metric ton.
As MRC reported earlier, Trinseo last raised its prices for all PS, ABS and SAN grades on March 8, 2022, as stated below:
- STYRON GPPS -- by EUR350 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR350 per metric ton;
- MAGNUM ABS resins - by EUR350 per metric ton;
- TYRIL SAN resins - by EUR350 per metric ton.
According to ICIS-MRC Price report, Russian PS producers did not adjust their prices in mid-April. Prices of Nizhnekamskneftekhim's GPPS remained at Rb204,750-215,700/tonne CPT Moscow, including VAT, whereas HIPS prices remained at Rb217,250-228,200/tonne CPT Moscow, including VAT. Penoplex contracted all April GPPS quantities at Rb225,000-227,000/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 $4.8 billion in net sales in 2021 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees.