Initial Europe April styrene settles down €80/t at €1,248/t

31 March 2011 10:53  [Source: ICIS news]

LONDON (ICIS)--An initial European April styrene barge contract has been agreed at €1,248/tonne ($1,758/tonne), down €80/tonne from March, the buyer involved said on Thursday.

The settlement was made on a free delivered (FD) northwest Europe (NWE) basis.

According to the buyer, the decrease was prompted by a decrease in feedstock costs moving into April.

Further confirmation from the seller was pending.

($1 = €0.71)

For more on styrene visit ICIS chemical intelligence

By: Truong Mellor
+44 208 652 3214

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