03 February 2011 18:35 [Source: ICIS news]
HOUSTON (ICIS)--North American styrene monomer producers said on Thursday they will push for increases on February contracts because of higher feedstock benzene costs.
Produces are looking for increases of 7–9 cents/lb ($154–198/tonne, €111–143/tonne).
The higher January styrene settlements and February nominations also came following feedstock benzene February contracts settled at $4.35/gal FOB, the third-highest benzene settlement ever.
Buyer reaction to the February nominations was not immediately available.
Major North American styrene producers include Americas Styrenics, INEOS NOVA, LyondellBasell, Total and Shell Canada.
($1 = 0.72)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections