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PMMA MARKET SEES MODERATED PRICE INCREASES IN APRIL 2024
pmma

PMMA market sees moderated price increases. In April, European PMMA prices rose moderately, buffered by less upstream pressure, despite continued PMMA shortages driving prices up.

All PMMA grades, including high impact and extrusion types, experienced slight price increases. Market stability is expected to continue improving.

Short-term PMMA price increases are expected to slow. Improved Asian imports and stabilized upstream costs will likely lead to market equilibrium.

Despite minor seasonal increases, overall PMMA demand is weak. The automotive and construction sectors particularly show no significant recovery signs.

Emerging signs of supply chain improvement, especially in MMA, are noted. This could lead to more balanced market conditions in upcoming months.

TRINSEO RAISES PS, ABS, SAN PRICES IN APRIL 2024
price increase

Trinseo raises PS, ABS, SAN prices. Trinseo announces price increases for Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), and Styrene-Acrylonitrile (SAN) materials.

The increases will be effective from April 1, 2024, or in accordance with existing agreements.

General purpose and high impact polystyrene grades will see a price hike of €55/MT, while ABS and SAN resins are slated for a €60/MT increase.

INEOS ANNOUNCED €60/MT INCREASE ON PS IN APRIL 2024
inflation abstract

INEOS announced €60/mt increase on PS in April 2024. INEOS Styrolution has announced the increase after another increase in the styrene monomer contract price in April.

The company noted in the latest announcement on its website that as of April 1st, 2024, the Gross Market Price for General Purpose Polystyrene (GPPS, bulk) has increased by €60/MT compared to its price in March 2024.

Additionally, there is a surcharge of +100€ per metric ton for High Impact Polystyrene (HIPS).

TRINSEO ANNOUNCES PRICE INCREASE OF ACRYLIC SHEETS
inflation abstract

Trinseo announce price increases of acrylic sheets. Trinseo and its affiliate companies in Europe announced a price increase for all acrylic sheets under the brand names ALTUGLAS™ and OROGLAS™.

Starting April 1, 2024, the prices for these products will increase by +400 Euro per metric ton.

Since the beggining of the year the entire value chain has seen a price spike due to supply shortages, namely of PMMA and MMA.

While demand has been subdued, supply constraints have driven costs up.

EU CONSTRUCTION MIXED, POLYMER BLEAK
plant building

EU construction mixed but polymer bleak. Eurostat‘s recent findings reveal diverse trends in Europe’s construction sector for January 2024.

The euro area experienced a slight increase in construction production by 0.5% from December 2023, while the EU faced a 1.0% decrease.

This fluctuation follows December 2023’s growth, where construction production in the euro area and the EU increased by 0.5% and 1.3%, respectively.

On a yearly basis, construction output in the euro area rose by 0.8%, and the EU observed a minor 0.1% uptick compared to January 2023. These figures indicate a cautiously optimistic trend in certain European areas, amidst wider economic challenges.

From the polymer industry’s standpoint, the outlook within this construction sector is notably grimmer.

Industry participants point out that demand for specific products, such as polypropylene (PP), polymethyle methacrylate (PMMA), and polycarbonate (PC), is among the weakest segments.

This situation underlines the difficulties faced by the polymer sector, reflecting broader issues within the construction industry across Europe.

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