Second Europe September styrene barge settles up by €31/tonne

01 September 2010 12:21  [Source: ICIS news]

LONDON (ICIS)--A second European September styrene barge contract has been agreed up by €31/tonne from the August number at €1,006/tonne ($1,273/tonne), one seller and one buyer said on Wednesday.

According to the producer involved, the increase was primarily driven by a need to recoup raw material increases as well as stronger demand in September.

The producer added that margins in the styrene market remained thin, and there were still some question marks surrounding BASF’s maintenance shutdown in Antwerp and production problems the company was facing on styrene at its Ludwigshafen site.

The contract was settled 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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