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) ?xml:namespace>
($1 = €0.81)
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