29 November 2007 17:36 [Source: ICIS news]
LONDON (ICIS news)--Polimeri Europa’s high impact polystyrene (HIPS) production in Feluy, Belgium is still down and will not be back up until December, after failing in early October, a company source said on Thursday.
“We realistically can expect the plant to be back up after the first ten days in December,” the source reported.
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.
European PS players were waiting for December styrene monomer contracts to settle before settling any PS business, agreed market sources agreed.
Dow had already announced a €50/tonne ($75/tonne) hike for December PS, irrelevant of styrene monomer.
Other PS producers were keeping a close eye on styrene spot business and a couple reported that they would only announce December targets on 30 November.
PS producers expected between a small reduction and a rollover for December styrene. The spread for November styrene was at €980-€1,036/tonne FD (free delivered) NWE (northwest ?xml:namespace>
($1 = €0.67)
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