01 March 2012 14:58 [Source: ICIS news]
An initial settlement was agreed between one seller and one buyer. Another pair of settlers later confirmed that they had followed.
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)
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