Europe April styrene CRP settles at €1,325/tonne, down €17/tonne

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) Rotterdam basis.

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)

By: Amandeep Parmar
+44 208 652 3214

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