04 April 2012 12:31 [Source: ICIS news]
LONDON (ICIS)--The European April styrene customer reference price (CRP) has been settled at €1,325/tonne ($1,743/tonne), down by €17/tonne from the previous month, the seller involved confirmed on Wednesday.
The contract was agreed on a free carrier (FCA) ?xml:namespace>
The settlement reflects raw material cost movements, as a €37/tonne fall in the April benzene contract price was partially offset by a rise in the ethylene contract price, which increased by €40/tonne from March to hit a record high of €1,345/tonne free delivered (FD) northwest Europe (NWE).
($1 = €0.76)
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