First Europe Dec styrene barge CP agreed up €38/t

01 December 2010 10:38  [Source: ICIS news]

LONDON (ICIS)--The first European December styrene barge contract has been settled at €1,085/tonne ($1,409/tonne), up €38/tonne from November, the buyer and seller confirmed on Wednesday.

According to the buyer, the rise in raw materials for December justified an increase of around €30/tonne, but current spot values and a contango for January holding firm drove the price higher.

The price was agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.77)

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By: Truong Mellor
+44 208 652 3214

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