22 May 2013 17:29 [Source: ICIS news]
SAO PAOLO (ICIS)--Polystyrene prices in Brazil have been steady in May, and will remain steady or slightly higher in June, two Brazilian producers said on Wednesday at the sidelines of the Feiplastic 2013 exhibition.
Only one producer said that a small increase was possible, but did not rule out a price rollover for the month.
PS demand has been strong this year, but is showing signs of slowing down in the last two weeks, a producer said.
Demand rose on the back of tight supply ever since the stoppage of one of the Unigel plants.
The Sao Jose dos Campos plant is ready to restart, according to a Unigel source, but there is no set date for this to happen.
Supply has been tight for a while, and this has been reaffirmed by suppliers outside Brazil who are receiving inquiries for PS resins.
Government incentives have spurred better sales of PS for the appliances market. However, sales of disposables for the food market vary, in tight competition with polypropylene (PP) products.
Current PS prices in May are in the range of $2,601-2,700/tonne FOT for general purpose polystyrene (GPPS) and at $2,675-2,773/tonne FOT for high impact polystyrene (HIPS), based on ICIS data.
Prices in Brazil include the PIS/Cofins taxes, which add on average 9.25% to the price.
Feiplastic 2013 continues through Friday.
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