NewsFlashUS October styrene contracts rises 0.75 cent/lb

09 November 2012 16:44  [Source: ICIS news]

HOUSTON (ICIS)--US October styrene contracts settled at 76.00-80 cents/lb ($1,675-1,764/tonne, €1,307-1,358/tonne) on Friday, up by an average of 0.75 cent/lb from the previous month on the back of higher feedstock benzene costs.

The increase was in line with some market expectations after producers announced increases of 5 cents/lb, following the 20 cent/gal increase in the October benzene contract.

Major US styrene producers include Americas Styrenics, Styrolution, LyondellBasell, Total and Westlake.

($1 = €0.78)

By: Brian Balboa
+1 713 525 2653

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