Initial Europe Sept styrene up on better demand, stronger spot

31 August 2010 09:49  [Source: ICIS news]

LONDON (ICIS)--An initial Europe September styrene barge contract has been agreed between one pair of settlers at €1,033tonne ($1,308/tonne), up €38/tonne from August, one seller and one buyer said on Tuesday.

According to the buyer involved, the increase represented the better demand and stronger spot levels expected for September.

Another source said an increase was expected for September given the movement on ethylene and current benzene spot levels.

The settlement was made on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.79)

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By: Truong Mellor
+44 208 652 3214



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