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)
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