Europe January styrene CRP agreed at €1,210/tonne

06 January 2011 11:49  [Source: ICIS news]

LONDON (ICIS)--The European January styrene customer reference price (CRP) has been agreed at €1,210/tonne ($1,592/tonne), up €130/tonne from the previous month, a producer said on Thursday.

The CRP was settled on a free carrier (FCA) Rotterdam basis.

The increase was widely expected, and in line with January barge settlements heard earlier this week. Despite a €149/tonne hike in the January benzene contract, upward movement for styrene was tempered by some ongoing length in the market.

Confirmation from other parties was pending.

($1 = €0.76)

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By: Truong Mellor
+44 208 652 3214

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