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October polystyrene prices up 3% in Argentina

October 13/2010

HOUSTON (ICIS) -- Petrobras Energia increased Argentine polystyrene (PS) prices by an average of 3% this month amid higher feedstock costs and growing regional demand, a company source said on Tuesday.

With the increase, general purpose PS (GPPS) prices were in the range of $1,909-2,023/tonne (?1,374-1,457/tonne) delivered (DEL), while high impact PS (HIPS) grade was at $2,023-2,162/tonne DEL, based on ICIS data.

The market in Argentina was active with increased seasonal demand brought by higher temperatures. There was also a rush to build inventories ahead of year-end activities.

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