30 October 2007 15:27 [Source: ICIS news]
DUSSELDORF (ICIS news)--Polimeri Europa’s high impact polystyrene (HIPS) production at its plant in Feluy, Belgium, is still down almost a month after technical issues disrupted it but is expected to come back on line next week, a company source said on Tuesday.
Polimeri’s PS production at Feluy comprises a 160,000 tonne/year line, split evenly between general purpose polystyrene (GPPS) and HIPS.
GPPS had not been affected by production issues.
October PS lost up to €30/tonne ($43/tonne) month on month as buyers pushed for their share of the drop in monomer contracts.
The October styrene contracts were done in a range of €1,005-1,060/tonne FD (free delivered) NWE (northwest ?xml:namespace>
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.
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