Polimeri’s Feluy HIPS still down as Europe PS dips

25 October 2007 10:26  [Source: ICIS news]

LONDON (ICIS news)--Polimeri Europa’s high impact polystyrene (HIPS) production in Feluy, Belgium, remains down after technical problems brought it to a standstill in early October, a company source said on Thursday.

“We are hopeful that the plant will restart next week,” the source added.

Polimeri Europa’s PS production at Feluy runs at 160,000 tonnes/year, split evenly between general purpose polystyrene (GPPS) and HIPS.

GPPS was not affected by production issues.

October PS lost up to €30/tonne ($43/tonne) as buyers pushed for their share of the drop in October styrene monomer contracts.

The October styrene contracts were done in a range of €1,005-1,060/tonne FD (free delivered) NWE (northwest Europe), from the September range of €1,045-1,056/tonne.

GPPS net prices were trading in the low-€1,200s/tonne FD NWE on a net basis, down by around €20/tonne from September, according to global chemical market intelligence service ICIS pricing.

($1 = €0.70)

By: Linda Naylor
+44 20 8652 3214

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