US styrene contract moves up for January

02 February 2007 23:45  [Source: ICIS news]

HOUSTON (ICIS news)--An initial US January styrene contract settlement increase of 1.6-2.5 cents/lb more than December levels still fell well short of proposed hikes of 5-6 cents, market sources said on Friday.

The January settlement of 60.6-64.5 cents/lb ($1,335.62-1,421.58/tonne) FOB (free on board) was based on the jump in the January benzene contract, trade sources said.

The January benzene contract was at $3.74/gal FOB, up 42 cents from December.

Additional January settlements were expected to emerge later in the week.

Major producers include Chevron Phillips, Lyondell and INEOS.


By: Brian Balboa
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly