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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  HIKES PS PRICES BY €415/MT
Energy Prices

INEOS Styrolution hikes PS prices by €415/mt from 1 April, according to a recent post on its website.

The increase is likely to do with the increases in costs of both raw materials and energy.

A big part of the increase is related to the increase in the contract price of the main raw material styrene monomer, which shot up in April.

Many polymer producers are also currently applying energy surcharges on top of the increases in raw material costs.

In addition to the increase in General Purpose Polystyrene (GPPS), the company notes that a surcharge of €120/mt will apply on high impact polystyrene (HIPS).

The war in the Ukraine has increased both gas and crude oil prices. The higher prices are feeding through raw materials and other costs, such as electricity.

PS PRICES CLIMB €90/MT IN MARCH
Polystyrene Packaging

PS prices climb €90/mt in March, following a similar increase in raw material costs.

The price of general purpose polystyrene (GPPS) has increased once again above €2,000/mt for many buyers.

After the upward trend at the end of last year, market dynamics were supporting decreases.

A slodown in demand in some markets and an ease in production issues was driving the downside.

However, the onset of war tilted the outlook firmly to the upside as it led to a surge in oil and gas prices.

The forecast in April suggests prices will probably post much bigger increases than seen in March.

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.

STYROLUTION SEEKS PS PRICE INCREASES
clear granules

INEOS Styrolution seeks PS price increases in March of €95/mt versus February, accourding to a recent note on its website.

This increases on general purpose polystyrene (GPPS) is closely in line with the increase in the styrene monomer contract in March.

The company also noted that a surcharge of €120/mt will apply for high impact polystyrene (HIPS).

The forecasts had expected stability in March as prices were already high and supply was improving in February.

However, the war in Ukraine changed the outlook firmly to the upside. From a cost perspective, the worsening of the crisis is causing another spike in energy prices.

Producers will face another period of cost increases that will be passed on to their customers.

From a market perspective, the conflict raised uncertainty on prices but also on supply.

Therefore, if buyers had been hesitating when supply was improving and prices were stabilising and even decreaseing, they will reassess this stance.

An element of panic-buying will probably support demand and allow sellers to pass on the cost increases.

The conflict has reinforced the view that prices will bounce around current high levels for most of this year.

The conflict in the Ukraine will surely lead to an upward revision of the price forecasts on most polymers.

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