Colombia PS supply tightens on production outage, trucker strike

04 March 2011 22:57  [Source: ICIS news]

HOUSTON (ICIS)--Colombia’s polystyrene (PS) supply has tightened in recent weeks because of partial production outages at a plant, aggravated by a trucker’s strike that lasted 5 days, market sources said on Friday.

The Americas Styrenics plant in Cartagena had a 10- to 14-day non-programmed outage on its high impact PS (HIPS) production line.

Americas Styrenics is a joint venture made up of Styron and Chevron Phillips Chemical.

This was the main cause of some delays in deliveries, affecting mostly HIPS, a company source said.

The situation was compounded by a truckers’ strike that paralysed deliveries for 5 days. The strike ended about a week ago, and deliveries were close to normal, local sources said.

The PS plant was also back in operation and rebuilding inventories. However, the combination of factors had left the market undersupplied, sources said.

For March, one producer in Colombia was pushing for a 4% increase, while another one wanted a 3 cent/lb ($66/tonne, €48/tonne) increase.

Both initiatives were roughly equivalent.

Colombian prices for general purpose PS (GPPS) were at $1,940-2,020/tonne FOT (free on truck), and HIPS prices were at $2,020-2,100/tonne FOT, based on ICIS data.

($1 = €0.72)

For more on polystyrene visit ICIS chemical intelligence
 


By: George Martin
+1 713 525 2653



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