10 June 2005 11:03 [Source: ICIS news]
LONDON (CNI)--Dow Chemical said Friday it will close its 75,000 tonne/year polystyrene plant in Barry, South Wales for 20 days from Monday (13 June) as part of plans to cut European PS output in the face of poor market conditions.
The company's 30,000 tonne/year plant at Lavrion in Greece will also be shut on Monday and is scheduled to restart on 5 July, a company spokesman told CNI.
The unit had initially been due to close for maintenance in May but this was postponed to August. However, Dow has now brought the shutdown forward to June in a reflection of adverse market conditions.
Spot prices for general purpose polystyrene have fallen by Euro130-150 tonne over the last three weeks to Euro920-930/tonne free delivered Northwest Europe (NWE), according to market sources contacted by CNI.
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