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Home>news>Guidance>Trinseo, Styrolution increase European Feb styrenics prices amid cost hike

Trinseo, Styrolution increase European Feb styrenics prices amid cost hike

Feb 05 2018 share:

Trinseo and Styrolution have increased their European February styrenics prices amid a hike in costs, according to announcements on their website.

Trinseo's GPPS and HIPS prices for February were raised by Eur135/mt ($168.50/mt), while ABS prices were increased by Eur100/mt ($125/mt) on the month.

Styrolution increased its GPPS prices by Eur140/mt and ABS prices by Eur120/mt.

No outright indications were announced by either companies.

Feedstock costs have increased in February.

The February styrene monomer contract price was fully settled at Eur1,395/mt, up Eur130/mt on the month on Thursday. The butadiene contract price was fully settled at Eur800/mt, up Eur50/mt on the month.

The acrylonitrile contract price is expected to settle at the end of the month and expectations are bullish.

S&P Global Platts assessed the GPPS January net contract price at Eur1,450/mt FD NWE and the ABS January contract price at Eur1,825/mt FD NWE both on Wednesday.

The latest announced increases were in line with market expectations.

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