Trinseo (formerly Styron), a major European producer of polystyrene (PS), announced a September price increase for all PS, acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) grades in Europe, the company said on September 4. …
The price increase took effect on September 1, 2020 and is consistent with the terms of the current contracts. Therefore, the September contract and spot prices of the company for the following brands have been raised as follows:
– for the STYRON brand of general-purpose polystyrene (PSS / M) – by EUR30 per ton;
– for brands STYRON and STYRON A-TECH, STYRON X-Tech, STYRON C-Tech of impact-resistant polystyrene (UPS / M) – by EUR30 per ton;
– MAGNUM ABS brand – by EUR35 per ton;
– for TYRIL SAN brand – by EUR30 per ton.
As MRC reported, Trinseo last raised prices for all PS brands on the European market on August 1 this year, as follows:
– for the brand STYRON PSS / M – by EUR30 per ton;
– for brands STYRON and STYRON A-TECH, STYRON X-Tech, STYRON C-Tech UPS / M – by EUR30 per ton;
– MAGNUM ABS brand – by EUR50 per ton;
– for TYRIL SAN brand – by EUR40 per ton.
According to the ICIS-MRC Price Review, the prices of the Russian PS in September increased. The demand for the material still significantly exceeds the supply. Buyers reported an increase in the cost of the Nizhnekamsk substation in the current month by 5 thousand rubles. per ton. Market participants noted that the Nizhnekamskneftekhim plant significantly reduced bids for the purchase of substations in the current month. The selling prices of PSS / M produced by Penoplex in September also increased by 5 thousand rubles. per ton up to 88,000-90,000 rubles. per ton, CPT Moscow, VAT included.
Trinseo (formerly Styron), headquartered in Horgen, Switzerland, is the largest European manufacturer of polystyrene, emulsion polymers, polycarbonate and synthetic rubbers. Styron changed its name to Trinseo on 1 February 2015. Trinseo had sales of approximately USD3.8 billion in 2019, and operates 17 manufacturing sites around the world and approximately 2.7 thousand employees.