31 August 2012 18:24 [Source: ICIS news]
HOUSTON (ICIS)--The explosion and fire at the Amuay refinery in Venezuela will not affect production of polystyrene (PS) resins, a source with producer Estizulia said on Friday.
The raw materials used for PS production are typically furnished by Pequiven, which acts as a broker importing feedstocks not produced in the country.
PS production has been normal in August and will remain steady in September with good supply of raw materials, the source said.
PS prices will roll over into September, at levels that remain much higher than those found in international markets.
Venezuelan PS sells around $3,600-3,780/tonne (€2,880-3,024) for crystal grade and as high $4,100/tonne for high impact PS (HIPS), according to ICIS data.
PS demand has softened during summer vacation period, but is expected to improve in September.
The stronger sectors are historically disposables and packaging, but some sales of HIPS also take place in the Venezuelan market, in a smaller proportion.
Estirenos del Zulia (Estizulia) is the only PS producer in Venezuela and its El Tablazo plant has a nominal capacity of 70,000 tonnes/year.
($1 = €0.80)
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