Venezuela’s Estizulia restarts PS production after maintenance

17 January 2012 22:31  [Source: ICIS news]

HOUSTON (ICIS)--Venezuela-based Estizulia's polystyrene (PS) plant has resumed operations after a turnaround that started in early December, a company source said on Tuesday.

The plant was still undergoing the last steps of the stabilisation process, but it was already producing on-spec material, the source said.

The start-up procedures commenced last week after completion of annual maintenance that usually takes place in December, when demand slows down for the holidays.

The first two weeks of January also are used by some companies to provide collective vacations to personnel while maintenance is performed in the facilities.

Currently, there are no shortages of raw materials. PS inventories are adequate for crystal grade and tight for HIPS, a grade that has experienced greater demand lately because of shortages of polypropylene (PP) in Venezuela.

Venezuela’s PS prices were unchanged in January and remain the highest of the region, at almost twice the values seen in international markets.

Crystal grade sells in Venezuela in the range of $3,490-3,605/tonne (€2,757-2,848/tonne) FOT (free on truck) while high impact PS (HIPS) sells at $3,800-3,900/tonne FOT, based on ICIS data.

There was no insight into February price direction, but it was expected that the cost of raw materials would determine in about a week whether prices would change.

($1 = €0.79)

For more on polystyrene visit ICIS chemical intelligence

By: George Martin
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly

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