Producers increase Colombia’s PS prices in January

11 January 2014 00:12 Source:ICIS News

HOUSTON (ICIS)--Colombia’s polystyrene (PS) prices are going up by at least Colombian peso (Ps) 200/kg ($104/tonne) in January, buyer sources said on Friday.

The increase is in line with initiatives seen in the US Gulf and other countries seeking at least a 3 cent/lb price increase for all grades of PS.

With the January increase, general purpose polystyrene (GPPS) prices are at $2,283-2,387/tonne FOT (free on truck), while prices of high impact polystyrene (HIPS) are in the range of $2,387-2,491/tonne FOT, according to ICIS data.

Feedstocks benzene and styrene have remained strong in benchmark US Gulf markets despite weak crude oil values.

Colombia has two producers, Ajover and Americas Styrenics. The former consumes most of its own production.

($1 = Ps1,927)

By George Martin