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 May 4.
Effective May 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 +90 Euro per metric ton
STYRON™ and STYRON™ A-TECH, STYRON™ C-TECH and STYRON™ X- TECH high impact polystyrene grades (HIPS) by +90 Euro per metric ton
MAGNUM™ ABS resins by +60 Euro per metric ton
TYRIL™ SAN resins by +60 Euro per metric ton
We remind, Trinseo last raised its prices for all PS, ABS and SAN grades on 1 April 2022, as stated below:
- 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 per ICIS-MRC Price Report, Russia's domestic expandable polystyrene (EPS) producers kept the prices of their material at the level of April, in early May. Plastik (Uzlovaya) significantly decreased the price of acrylonitrile butadiene styrene (ABS) for various buyers, this month.
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.
mrchub.com