Second Europe March styrene barge settles up at €1,298/tonne

03 March 2011 16:41  [Source: ICIS news]

BRUSSELS (ICIS)--A second European March styrene barge contract has been agreed at €1,298/tonne ($1,803/tonne), up €31/tonne from February, the buyer and seller involved said on Thursday.

Despite a price rollover in the upstream March benzene contract, the €60/tonne increase in this month’s ethylene contract price and volatility in crude and energy futures kept upward pressure on the styrene market.

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

($1 = €0.72)

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

By: Truong Mellor
+44 208 652 3214

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