Second Europe August styrene barge rolls over at €975/tonne

02 August 2010 15:06  [Source: ICIS news]

LONDON (ICIS)--A second European August styrene barge contract has rolled over at €975/tonne ($1,266/tonne), one seller and one buyer said on Monday.

Although the settlement was up by €2/tonne from the published July barge settlement, the pair of settlers involved said it represented a rollover for them.

The figure was agreed on a free delivered (FD) northwest Europe (NWE) basis between a new pair of public contract settlers.

“We agreed to hold our July contract price to August of €975/tonne,” said the buyer involved in the settlement.

According to the supplier, its key concern was to bring some stability to the market following an initial August barge settlement at €995/tonne.

($1 = €0.77)

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By: Truong Mellor
+44 208 652 3214

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