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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.

price increase

Trinseo raises price in March. The company has announced a price increase for all General Purpose Polystyrene (GPPS), Acrylonitrile Butadiene Styrene (ABS), and Styrene Acrylonitrile (SAN) grades across Europe.

Effective from March 1, 2024, or as per existing contract terms, the price for GPPS and High Impact Polystyrene (HIPS) grades will increase by +235 Euro/MT. Additionally, ABS and SAN resins will see a price increase of +180 Euro/MT.

The increases are most likely in response to the rise in raw material costs, with benzene and styrene prices seeing significant hikes of €214/MT and €222/MT, respectively, in March. This follows triple-digit increases also in February.

price increase

Styrenics prices poised for a surge. The raw materials market for styrenics is on the cusp of another significant price hike in March 2024 amid a robust rally in spot benzene and styrene prices.

Players are forecasting a potential triple-digit increase in the contract prices for these critical components next month.

Recent production disruptions, coupled with already tight market conditions, are the primary drivers behind the escalating prices.

If these factors continue to influence the market dynamics through the end of the month, the contract prices for both benzene and styrene are expected to witness substantial increases.

Current speculations estimate the price hikes to be in the range of €150-200 per metric ton (MT) for styrene.

However, market observers caution that the volatile nature of the market could lead to shifts in these projections as the month progresses.

Despite this uncertainty, the prevailing sentiment is one of concern, with the industry bracing for another round of price spikes in March 2024.

Disclaimer: This article contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially from those projected. We assume no responsibility for the accuracy of predictions or any reliance placed on this information.

car industry

EU car sales jump 12.1% in January 2024, according to the latest data from The European Automobile Manufacturers’ Association (ACEA).

A total of 851,690 vehicles were registered. This marked a significant rebound from the slow pace observed in the previous month.

Key European markets, including Germany, Italy, France, and Spain, all reported substantial increases in car registrations. These figures illustrate a broad-based revival in auto demand throughout the region.

Electric vehicle (EV) market share climbed to 10.9%, up from the previous year, indicating a growing consumer shift towards electric mobility.

Hybrid vehicles also saw a rise in popularity, accounting for nearly 30% of new car registrations, while traditional petrol and diesel vehicles experienced a decline in market share.

Electric car sales experienced a robust increase of 28.9%, with 92,741 units sold. This surge was led by significant growth in major markets such as Belgium, the Netherlands, France, and Germany, highlighting the increasing appeal of EVs among European consumers.

The surge in hybrid vehicle registrations by 23.5%, along with a 23.8% increase in plug-in hybrid sales, reflects a continuing trend towards electrification in the EU automotive market.

However, while the automotive sector shows promising growth, the polymer industry reports stable but unenthusiastic demand.

Specifically, polymers like PA6, PA66, and polycarbonate (PC) are facing challenges related to good availability within the value chain, as overall demand in Europe remains tepid.

Circular economy

ELIX Polymers advances chemical recycling. The company has developed products using chemically recycled materials, achieving up to 100% sustainable feedstocks.

This initiative is part of its E-LOOP brand, focusing on Circular Plastics and Responsible Innovation within its Sustainable Portfolio Solutions.

The company’s chemically recycled (CR) products are produced using certified sustainable raw materials, including circular and bio-based feedstocks, certified by ISCC+ standards.

This approach utilizes a mass balance model to ensure the traceability and transparency of the supply chain.

ELIX has succeeded in creating CR products that can completely substitute traditional feedstocks with sustainable alternatives for all three primary monomers (Acrylonitrile, Butadiene, Styrene).

This shift can lead to reductions in CO2 emissions of more than 90% compared to standard prime grades.

The CR grade products are applicable across ELIX Polymers’ full range, accommodating even the most stringent requirements for food contact, light colors, and medical parts, maintaining the same material properties as conventional products.

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