Initial Europe March styrene barge settles up at €1,359/tonne

02 March 2011 16:02  [Source: ICIS news]

LONDON (ICIS)--The first European March styrene barge contract has been agreed at €1,359/tonne ($1,862/tonne), an increase of €39/tonne from the previous month, the buyer and seller involved said on Wednesday.

According to the seller, the €39/tonne increase reflects the current gains seen in the crude and energy markets, as opposed to the March settlements for benzene and ethylene, which settled a rollover and an increase of €60/tonne from February, respectively.

The initial European March styrene barge contract price was agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.73)

For more on styrene, benzene and ethylene, visit ICIS chemical intelligence

By: Truong Mellor
+44 208 652 3214

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