Trinseo seeks utilities surcharge of €200-300/mt on styrenics and polycarbonates products from 1 November.
Trinseo will implement €200/mt surcharge on the following products: styrene monomer (SM); polystyrene (PS); styrene acrylonitrile (SAN); and acrylonitrile butadiene styrene (ABS).
However, a surcharge of €300/mt will be implemented on polycarbonate (PC), PC/ABS Resins, and ABS Long Glass Fiber (ABS LGF).
The company noted that “these surcharges are in response to unprecedented and escalating pressure from energy prices and apply to all current agreements and contracts.”
Trinseo is not the only company to have take the step to implement surcharges in response to the spike in energy prices.
Many other polymer producers are taking the same step. For example, Celanese is applying a surcharge of €500/mt on POM.
If energy prices will continue to increase amid short supply of many polymers, producers will probably succeed in passing on the extra costs.
The higher energy costs adds yet another factor fuelling volatility across the entire value chain of the polymer industry.
As the increasing turmoil in many markets reduces visibility further, many players expect a prolonged volatile period ahead.