Initial Europe Aug styrene barge up €129/t on higher spot, feedstock

01 August 2011 11:17  [Source: ICIS news]

LONDON (ICIS)--An initial European August styrene barge contract has been confirmed at €1,245/tonne ($1,804/tonne), up €129/tonne from the previous month, the buyer involved said on Monday.

According to the buyer, the increase was driven by higher August feedstock costs as well as higher tendencies in the spot market.

The settlement was made on a free delivered (FD) northwest Europe (NWE) basis. Further confirmation from the seller is pending.

($1 = €0.69)

For more on styrene visit ICIS chemical intelligence

 

By: Truong Mellor
+44 208 652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly