22 September 2010 16:32 [Source: ICIS news]
LONDON (ICIS)--BASF has declared force majeure on European high impact polystyrene (HIPS) ?xml:namespace>
BASF's HIPS production site at
“HIPS suffered unforeseeable problems and the unit is now down. We are not producing a single kilo of HIPS in Europe at the moment,” said the source, declining to comment on the capacity.
“We are doing everything we can to get production back up,” he added.
General purpose PS (GPPS) was running normally, and a letter sent to BASF’s customers this week suggested that HIPS production would resume within 10 days.
PS prices had increased by around €50/tonne ($66/tonne) in September, with GPPS prices trading at €1,260-1,290/tonne FD (free delivered) NWE (northwest
PS is used extensively in the packaging sector, with HIPS used in the manufatucre of domestic appliances, toys and household goods.
PS producers in
($1 = €0.75)
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