First Europe styrene barge contract down €23/t at €1,094/tonne

01 November 2011 11:09  [Source: ICIS news]

LONDON (ICIS)--The first November styrene barge contract was agreed at €1,094/tonne ($1,519/tonne), down €23/tonne from the previous settlement, the buyer and seller involved said on Tuesday.

According to the buyer, the €23/tonne decrease is a reflection of lower feedstock costs but the downward movement was tempered by firmer spot prices due to some prompt tightness in the market.

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

($1 = €0.72)

For more on styrene, visit ICIS chemical intelligence

By: Truong Mellor
+44 208 652 3214

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