16 April 2013 23:35 [Source: ICIS news]
HOUSTON (ICIS)--Brazilian polystyrene (PS) prices have stabilised in April after a series of increases in the first three months of the year, local sources said on Tuesday.
The disposables sector has entered a period of softer demand, but at the same time, the appliances sector is demanding more volume.
One of the Unigel plants at San Jose dos Campos was idled last week, and the producer has not set a date yet for its return.
Current prices for general purpose polystyrene (GPPS) are in the range of Brazilian reais (R) 5,300-5,500/tonne ($2,690-2,792/tonne; €2,071-2,150/tonne) FOT (free on truck), while high-impact polystyrene (HIPS) prices are at R5,450-5,650/tonne ($2,766-2,868/tonne) FOT, according to ICIS data.
PS exports are normal at average levels of $2,080/tonne for GPPS and $2,150/tonne for HIPS.
The main PS producers in Brazil are Unigel, Innova and Videolar.
($1 = €0.77; $1 = R1.97)
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