Covestro, Trinseo, Japan's DIC Announced Price Adjustments For PC PS ABS, And Domestic PC Factories Have Successively Raised Prices

List of price adjustments

▶ Trinseo Switzerland suspended the quotation of some PC, PS, ABS, SAN products for one week.

▶ Covestro announced that due to unforeseen emergencies in Leverkusen's hydrochloric acid logistics, the supply of HDI and IPDI encountered force majeure;

▶ Japan DIC Co., Ltd.: From April 1st, the increase of polystyrene (PS) products and styrene series products. The products that have been raised include styrene, GPPS, HIPS and elastic ethylene, rising above 17 yen/KG.

▶ Trinseo: The European subsidiary will increase the prices of all polystyrene (PS), polycarbonate (PC), ABS and SAN grades, up to RMB 1116/ton. The European subsidiary increased the price of MMA monomer by up to 550 euros / ton (about 3835 CNY/ton).

Market overview

Influencing factors

The prices of PC factories have been raised successively, most of which are in the range of 300-500 CNY/ton. Among them, Zhejiang Petrochemical's bidding has risen for several rounds, with an increase of 2,000 CNY/ton year-on-year. The market merchants are in a positive mood, the quotations have increased in different ways, and the low prices of the actual orders in the market have decreased, and the market continues to be actively promoted.

Market outlook

In the continuation of the positive market atmosphere, merchants are highly concerned about the further changes and guiding trends of various influencing factors.