Europe March styrene barge CP agreed at rollover of €1,334/tonne

01 March 2012 14:58  [Source: ICIS news]

BRUSSELS (ICIS)--The March European styrene barge contract has been confirmed at €1,334/tonne ($1,779/tonne), a rollover from the previous month, sources said on Thursday.

An initial settlement was agreed between one seller and one buyer. Another pair of settlers later confirmed that they had followed.

A rollover from February had been predicted by numerous players over the past week, as the reduction on March benzene had been counterbalanced by an €86/tonne increase for ethylene this month.

Speaking from the sidelines of the European Petrochemical Luncheon in Brussels, one styrene consumer said that the rollover was a fair compromise between the higher ethylene costs and the benzene reduction this month.

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

($1 = €0.75)

Follow Truong Mellor on Twitter for daily tweets on the aromatics markets


By: Truong Mellor
+44 208 652 3214



AddThis Social Bookmark Button

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

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index