Europe November styrene CRP agreed at a rollover of €1,418/tonne

07 November 2012 13:14  [Source: ICIS news]

LONDON (ICIS)--The European November styrene customer reference price (CRP) has settled at €1,418/tonne ($1,818/tonne), a rollover from the previous month, the seller and several buyers involved said on Wednesday.

One buyer confirmed the number, adding that it had originally been pushing for a reduction of €5/tonne, in line with the November barge contract.

However, a €34/tonne increase for benzene – combined with a bullish spot market this week, owing to production shortages – added some upward pressure.

The contract was agreed on a free carrier (FCA) Rotterdam basis.

($1 = €0.78)

By: Truong Mellor
+44 208 652 3214

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