Initial US November styrene contracts flat to 3 cent/lb up

07 December 2012 16:17  [Source: ICIS news]

HOUSTON (ICIS)--Initial US November styrene contract settlements have emerged at rollovers to an increase of 3 cents/lb from the previous month, trade sources said on Friday.

The slight increase was in line with producer price increases of 6-7 cents/lb, which was based off the November record high feedstock benzene settlement.

Additional settlements are expected in the week ending 14 December. 

The October styrene contract price was settled at 76-80 cents/lb FOB (free on board).

Suppliers also said during the week they would not issue any increases for December styrene contracts, despite the 3 cent/gal increase in the feedstock December benzene contract.

Upstream, benzene spot prices moved up during the week and remained above the $5.00/gal mark through Friday.

($1 = €0.77)

By: Brian Balboa
+1 713 525 2653

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