Initial Europe April styrene barge CP agreed at €1,300/t, down €34/t

04 April 2012 11:40  [Source: ICIS news]

LONDON (ICIS)--An initial European April styrene barge contract has been agreed at €1,300/tonne ($1,711/tonne), down by €34/tonne from the previous month, a buyer confirmed on Wednesday.

The decline reflected the €37/tonne fall in upstream benzene for April, as well as a long and soft spot market, the buyer said.

Confirmation from the seller and other settlers is still pending.

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

($1 = €0.76)

By: Amandeep Parmar
+44 208 652 3214

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