First Europe February barge styrene CP agreed at €1,320/t

01 February 2011 14:44  [Source: ICIS news]

LONDON (ICIS)--The first European February styrene barge contract has been settled at €1,320/tonne ($1,808/tonne), up €105/tonne from January, the buyer and seller involved said on Tuesday.

According to the buyer, the increase covers raw material hikes for benzene and ethylene.

The buyer added: “The spread between benzene and styrene is only approximately $100/tonne, which is below the level for producers to make positive margins, but spot styrene appears plentiful so spot pricing reflects this.”

February spot styrene levels were at $1,460-1,480/tonne FOB (free on board) Rotterdam this afternoon.

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

($1 = €0.73)

For more on styrene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Truong Mellor
+44 208 652 3214



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