|
(ICIS) -- French petrochemicals producer
Total has declared force majeure across all grades of polyethylene (PE), polypropylene (PP) and polystyrene (PS) as a result of the ongoing strike
action in France, a company source said on Thursday.
The company was forced to call force majeure on 18 October as transportation
of raw materials to facilities was proving difficult. As a result, production of
all polyolefins had slowed considerably.
Looking forward, the situation was unclear in both the PP and PE markets. The
Total source said: “It is difficult to know what is going to happen because of
the strike; it could be resolved tomorrow, it could continue for the rest of the
month.”
However, higher prices were envisaged for PS as availability looked set to be
even tighter going into November.
mrcplast.com |
