Trinseo Company (formerly Styron), a major European polystyrene producer (PS), has announced the increase in August prices for all brands of PC, acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-butadiene-styrene copolymer (SAN) in Europe, the company said .
The price increase is effective immediately and is consistent with the terms of the current contracts. Thus, the August contract and spot prices of the following brands will be reduced as follows:
– To mark STYRON general purpose polystyrene (PSS / M) and the brand STYRON and STYRON-TECH high-impact polystyrene (HIPS / M) – to EUR30 per tonne.
– On the brand MAGNUM ABS – to EUR30 per tonne;
– To mark TYRIL SAN – at EUR30 per tonne.
As reported by the MRC, Trinseo in July lowered the prices of all brands of PS in Europe, as indicated below:
– To mark STYRON general purpose polystyrene (PSS / M) and the brand STYRON and STYRON-TECH high-impact polystyrene (HIPS / M) – to EUR80 per tonne.
According to the price review ICIS-MRC, the Russian market of polystyrene in the first week of August continued the trend observed by a decrease in prices. Pressure on prices by factors such as weak demand and the fall in the value of imported PC, entering the market. Extension of European quotes styrene August will keep the fall in the value of imported European polystyrene for procurement in Russia. However, some importers noted possible increase of the European PS in August.
Trinseo (formerly Styron), headquartered in Horgenge, Switzerland, is the largest European producer of polystyrene, emulsion polymers, polycarbonate, and synthetic rubbers. On February 1, 2015 Styron company changed its name to Trinseo.