NewsFlashCorrected: Initial Europe Oct styrene down €84/t

29 September 2008 11:18  [Source: ICIS news]

Correction: In the ICIS news story headlined "Initial Europe Oct styrene down €84/t" dated 29 September 2008, please read in the third paragraph ...free delivered (FD)... instead of ...free on board (FOB).... A corrected story follows.

 

MONTE CARLO (ICIS news)--An initial European October barge styrene contract has been settled down €84/tonne ($124/tonne) from the previous month, a source at a major producer reported on Monday.

 

“We have settled our contract at €1,166/tonne, which is down €84/tonne from our September contract of €1,250/tonne,” the source said.

 

The settlement, done on a free delivered (FD) northwest Europe (NWE) basis, followed decreases in October benzene and fourth-quarter ethylene of €84/tonne and €108/tonne respectively.

 

($1 = €0.68)

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By: Peter Salisbury
+44 20 8652 3214

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