29 July 2010 14:32 [Source: ICIS news]
LONDON (ICIS news)--A new set of European partners has agreed to publicly publish a monthly styrene barge contract price in a bid to establish a benchmark price for the industry, both players said on Thursday.
There has been some frustration in the European styrene market regarding the monthly barge settlement following several consolidations that brought the number of settling partners down from three to just one.
“This has to be better for all involved in the market than a single reference point we have seen in recent months,” said one European styrene player.
The July styrene barge contract was agreed at €973/tonne ($1,264/tonne), down €99/tonne from the previous month.
($1 = €0.77)
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