First Europe January styrene barge up €130/t at €1,215/tonne

03 January 2011 15:45  [Source: ICIS news]

LONDON (ICIS)--The first European January styrene barge contract has been settled at €1,215/tonne ($1,620/tonne), up €130/tonne from December, the buyer and seller confirmed on Monday.

According to the buyer, raw materials for styrene moved up €151/tonne but the length in supply and relatively low spot levels helped softened the upward movement.

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

($1 = €0.75)

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By: Truong Mellor
+44 208 652 3214

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