12 January 2009 17:43 [Source: ICIS news]
HOUSTON (ICIS news)--Venezuelan polystyrene (PS) producer in Estirenos de Zulia (Estizulia) has reduced prices for all grades of PS by 15% effective immediately, a company source said on Monday.
The reduction was needed because PS prices in ?xml:namespace>
Prior to this reduction, general purpose polystyrene (GPPS) in
Inflation concerns and high raw material values elevated prices of all plastic resins in
Buyers expected price reductions for all plastic resins, but local producers have not made any announcements so far.
Estizulia resumed PS production in
Availability of butadiene rubber (BR) was vastly improved in
Even with the January discount, Venezuelan prices remain high in comparison with those of other Latin American countries. For this reason, further adjustments in February could not be ruled out, the source said.
($1 = €0.74)
For more on polystyrene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|