US January styrene contracts rise 7 cents/lb on feedstocks

10 February 2012 21:55  [Source: ICIS news]

HOUSTON (ICIS)--US January styrene contract settlements were confirmed at an average increase of 7 cents/lb ($154/tonne, €116/tonne) from December following higher feedstock January benzene contracts, market participants said on Friday.

The increase, which took January contract prices up to 66-70 cents/lb, was in line with initial January contract settlements heard at a similar level a week earlier.

Producers have already come out with another 7 cent/lb increase for February styrene contracts, based on the 50 cent/gal increase in the January benzene contract.

($1 = €0.75)

By: Brian Balboa
+1 713 525 2653

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