Europe May styrene CRP agreed at €1,355/tonne FCA Rdam

04 May 2012 14:32  [Source: ICIS news]

LONDON (ICIS)--The European May styrene customer reference price (CRP) has been settled at €1,355/tonne ($1,783/tonne), up €30/tonne from the previous month, the seller involved confirmed on Friday.

The increase was driven by higher feedstock costs, according to the seller, where a €58/tonne increase for benzene was counterbalanced by a €20/tonne reduction in ethylene for May.

The contract was agreed on a free carrier (FCA) Rotterdam basis. Further confirmation from buyers is pending.

($1 = €0.76)

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By: Truong Mellor
+44 208 652 3214



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