NewsFlashUS Feb styrene settles up 2.75 cts/lb

14 March 2008 22:42  [Source: ICIS news]

HOUSTON (ICIS news)--US February styrene monomer contracts were settled at an average increase of 2.75 cents/lb ($61/tonne) from January, according to market participants on Friday.

The settlement took styrene prices to 66.50-69.50 cents/lb FOB (free on board).

Styrene producers said they have settled February styrene contracts at increases of 3 cents/lb, while buyers said they settled contracts at increases of 2.5 cents/lb.

The increases were attributed to stronger feedstock prices in the benzene market.

Styrene producers have already said they were looking to raise March styrene contracts by another 6-9 cents/lb, based on recent strength in the feedstock benzene market.

Major US styrene producers include INEOS NOVA, Equistar, Cosmar, Dow Chemical and Chevron Phillips Chemical.

For more on styrene visit ICIS chemical intelligence

By: Brian Balboa
+1 713 525 2653

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 3 November 2009)

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