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)
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