13 July 2012 18:28 [Source: ICIS news]
HOUSTON (ICIS)--US June styrene contracts have settled at an average decline of 3 cents/lb ($66/tonne, €54/tonne), taking prices down to 67-71 cents/lb, trade participants agreed on Friday.
The full settlements come a week after initial contract settlements were heard at declines of 2.00-3.50 cents/lb.
The initial declines were also in line with market expectations after producers opted to not announce contract initiatives.
The decline also followed June benzene contract declines of 10.00 cents/lb.
However, July styrene contracts will likely rebound following the 19.00 cents/gal increase in the July benzene contract, according to trade sources.
($1 = €0.82)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections