27 October 2010 17:15 [Source: ICIS news]
DUSSELDORF (ICIS)--Styron will attempt to increase November polystyrene (PS) prices by €100/tonne ($139/tonne), a company source said on Wednesday.
“Styrene looks likely to increase and the market is strong,” said the source. “The French strikes are beginning to affect deliveries. Transport problems are causing a lot of disruption in the market.”
PS prices had largely rolled over in October, despite attempts by some producers to increase them. General purpose PS (GPPS) was trading at around €1,300/tonne FD (free delivered) NWE (northwest Europe) on a net basis by the end of October.
Demand was good and availability was tight, exacerbated by the declaration of force majeure from Total Petrochemicals.
Sources reported that the company had difficulty bringing styrene to its PS production unit in France but the company declined to comment.
A couple of PS buyers said that they would wait for the November styrene contract to settle before commenting on November PS pricing.
Many PS market participants are currently at K2010, the international trade show for the plastics and rubber industry.
PS producers in Europe include BASF, INEOS NOVA, Total Petrochemicals, Polimeri Europa and Styron.
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