Europe June styrene CRP rolls over at €1,355/tonne

04 June 2012 15:35  [Source: ICIS news]

LONDON (ICIS)--The European June styrene customer reference price (CRP) has been settled at €1,355/tonne ($1,673/tonne), a rollover from the previous month, the seller involved confirmed on Monday.

The rollover was in line with the June barge contract, which was also unchanged this month. Despite the €73/tonne increase for feedstock benzene, the outlook for styrene in June is somewhat bearish so a rollover was deemed a fair compromise.

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

($1 = €0.81)

By: Truong Mellor
+44 208 652 3214

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