Initial March US styrene up 4.50-5.25 cts/lb

05 April 2008 00:18  [Source: ICIS news]

HOUSTON (ICIS news)--Tighter supplies and a higher benzene contract pushed initial US March styrene monomer contracts to 71.00-74.75 cents/lb ($1,565-1,648/tonne), up 4.50-5.25 cents from February, a producer said on Friday.

The March benzene contract had settled at $3.97/gal FOB (free on board), up 43 cents from February.

Additional March FOB styrene contract settlements are expected to be heard during the week ending 11 April.

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
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