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TRINSEO ISSUES PRICE INCREASES ON ABS, SAN, PS

Trinseo issues price increases on ABS, SAN and PS in May versus April, amid firmer raw material prices.

In a note on its website the company noted that polystyrene (PS) will increase €90/mt.

Styrene acrylonitrile (SAN) and acrylonitrile butadiene styrene (ABS) will increase by €60/mt.

The increases follow yet another increase in the contract prices of the major raw material styrene in May, which went up €84/mt.

In terms of market dynamics, the PS market was relatively tight because of supply issues.

The picture was different for ABS and SAN. The SAN market has seen no change and remains well supplied.

But the European ABS market during the last few months has been gradually moving from a position of severe tightness to balanced-to-long.

STYROLUTION ROLLS OVER PRICES OF ABS IN MAY
ABS Granules

INEOS Styrolution rolls over prices of acrylonitrile butadiene styrene (ABS) in May versus April, according to a recent note.

The company keeps prices unchanged despite the higher raw material costs in May.

Prices will not follow costs this month probably because energy prices lost ground from the peaks reached in March.

ABS DATA SHOWS EU BECOMES A NET IMPORTER AGAIN

ABS data shows EU becomes a net importer again, a sign that could suggest a return of competitive Asian material.

The latest trade numbers from Eurostat show that imports in January thisyear were once again greater than exports.

Acrylonitrile Butadiene Styrene (ABS) imports are an integral part of the European total supply of ABS.

And the EU has for the most part always been a net importer of ABS.

But the picture changed last year, likely because of good demand in China amid disruptions and high prices of transport.

Laterly, the rising cost of energy in Europe pushing up ABS prices and seemingly lower demand in Asia may be driving the increase in imports.

While one set of data is not enugh to be certaint that a trend is on the way, market dynamics appear to be changing to support this change.

ABS PRICES INCREASE €60/MT IN MARCH
toy building blocks

ABS prices increase €60/mt in March, following in the same direction but lower than the combined cost increase of raw materials.

A combination of prices already at high levels and better supply helped buyers negotiate lower increases.

For many buyers in Europe, prices exceed €3,000/mt.

Prices reached such high levels because of higher costs but also short supply and strong demand for most of last year.

But the acrylonitrile butadiene styrene (ABS) market has improved in the past two months.

Supply increased because of the recent new capacities in Italy and France.

The lower demand from some important segments such as automotive and appliances also helped to improve supply.

Overall, the market has moved from tightness to balanced.

However, what is keeping prices up at the moment is the latest surge in energy prices.

A spike in both gas and crude oil prices is pushing up costs of electricity and raw materials.

TRINSEO INCREASES PRICES BY €350-500/MT

Trinseo increases prices by €350-500/mt, replacing and revising up the increases announced earlier in the month.

General purpose polystyrene (GPPS) and high impact polystyrene (HIPS) will increase €350/mt.

Polycarbonate (PC) will increase €500/mt.

While styrene acrylonitrile (SAN) and acrylonitrile butadiene styrene (ABS) will increase €350/mt.

The increases, effective from 8 March, reflect the recent surge in energy prices driven by the conflict in the Ukraine.

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