NewsFlash1st Europe March styrene up €50/t

03 March 2008 09:47  [Source: ICIS news]

LONDON (ICIS news)--A first March styrene barge contract has been settled at €1,088/tonne ($1,649/tonne), up €50/tonne on stronger spot and benzene values, a source at a major producer said on Monday.

The contract, settled on an FD (free delivered) NWE (northwest Europe) basis, was finalised late on Friday, the producer source said.

“Benzene is up €50/tonne and alongside current spot numbers that is where the increase came from,” the source explained.

Spot styrene had been valued at $1,510-1,510/tonne FOB (free on board) Rotterdam at the previous close of business.

($1 = €0.66)

For more on styrene visit ICIS chemical intelligence

By: Peter Salisbury
+44 20 8652 3214

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