After the spike of more than €200/mt of the styrene contract price in November, Trinseo announces triple-digit increases on ABS, SAN, and PS.
However, the increases are more than the cost increase of the main raw material styrene. This is most probably to do with the recent surge in utility costs.
INEOS Styrolution has also announced similar increases on polystyrene (PS), namely €300/mt and higher than the increase in the styrene contract of €232/mt.
Trinseo’s increases on general purpose polystyrene (GPPS) and high impact polystyrene (HIPS) are €290/mt.
There is a strong chance that the announced increases will be accepted. The markets remain highly uncertain and volatile amid supply shortages, especially for ABS but also for PS. As such, buyers may have little choice but to accept the entire increases.