Europe March styrene CRP settles up €26/tonne from February

04 March 2013 16:02  [Source: ICIS news]

LONDON (ICIS)--The European March styrene customer reference price (CRP) has settled at €1,474/tonne ($1,914/tonne), up €26/tonne from the previous month, the seller involved and several buyers confirmed on Monday.

In relation to the settlement, a buyer said: “We agreed at plus €26/tonne. The increase was based on raw materials benzene and ethylene”.

A second contract settler on the buying side also confirmed that the increase was feedstock driven.

The styrene barge contract prices also moved up by €27/tonne to settled at €1,475/tonne free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA). The increase too reflected the higher raw material costs of benzene and ethylene.

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

($1 = €0.77)

By: Julia Meehan
+44 20 8652 3214

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