04 January 2010 18:04 [Source: ICIS news]
INEOS NOVA sources declined to specify when the plant was expected to return to full operation, but said the plant was definitely restarting.
The Texas City styrene plant was taken offline in late October amid poor profitability, company sources said.
The restart comes at a time when styrene supplies are tight and prices are rising amid higher feedstock costs and cracker outages in Europe.
Spot styrene for January was talked around 58-59 cents/lb ($1,278-1,301/tonne, €895-910/tonne) FOB (free on board) US Gulf (USG), according to global chemical market intelligence service ICIS pricing. Those values are up more than seven cents from early December.
($1 = €0.70)
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