29 September 2008 18:22 [Source: ICIS news]
MONTE CARLO (ICIS news)--Further European October styrene barge settlements would not be reached on Monday following an initial settlement down €84/tonne ($124/tonne) from September, key participants said.
“We will settle tomorrow,” said a source at one major producer.
Sources at another major producer and consumer also said that negotiations would not be finalised until the following day.
Earlier in the day, an initial settlement had been reached at €1,166/tonne ($1,715/tonne) FD (free delivered) NWE (northwest ?xml:namespace>
Three monthly barge styrene contracts and one FCA (free carrier) or contract reference price are usually settled publicly in
The September FCA CRP was also settled at €1,250/tonne FCA Rotterdam, down €40/tonne.
($1 = €0.68)
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