11 April 2012 16:51 [Source: ICIS news]
HOUSTON (ICIS)--Polystyrene (PS) producers in Brazil are seeking price increases in April, after the successful implementation of price increases in February and in March, domestic sources said on Wednesday.
One producer is seeking an increase of Brazilian reais (R) 300/tonne ($164/tonne, €125/tonne) in April, while another one is pushing only R250/tonne for all grades of PS.
With the warm months slowly giving way to autumn days in the southern hemisphere, demand for disposables is softening, but sales of material for the refrigeration sector, also called the white line, continue to do well, a producer said.
The high demand for white-line resins was attributed to tax exemptions granted by the government to promote sales of appliances.
Another producer saw continuous strong demand from the disposables sector and white line, but feared demand could decline in April with the application of a third consecutive monthly increase.
PS production was described as normal, amid balanced supply/demand conditions.
March PS prices in Brazil ended in the range of $2,276-2,385/tonne FOT (free on truck) for crystal grade, while high-impact PS (HIPS) prices are at $2,330-2,440/tonne, based on ICIS data.
The main PS producers in Brazil are Unigel, Innova and Videolar.
($1 = €0.76) ($1 = R1.83)
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