Europe November styrene barge down €5/tonne at €1,413/tonne

06 November 2012 09:34  [Source: ICIS news]

LONDON (ICIS)--The European styrene barge contract for November has settled at €1,413/tonne ($1,812/tonne), a decrease of €5/tonne from the previous month, several sources said on Tuesday.

With the arrival of imports and a slowdown in demand ahead of year-end, some downstream sources had been expecting a larger decrease.

However, with benzene up €34/tonne for November and the current month spot market still comfortably above $1,300/tonne, this kept any downtrend somewhat muted.

There was also some speculation that one styrene supplier was facing production problems, but this remains unconfirmed.

The contract price was agreed on a free on board (FOB) Amsterdam, Rotterdam, Antwerp (ARA) basis. Further confirmation from other players is pending.

($1 = €0.78)

By: Truong Mellor
+44 208 652 3214

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