AFPM '13: US March styrene contracts seen flat to weaker

24 March 2013 19:45  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--US March styrene contract prices are still expected to either stay flat or soften, partly on weaker values of feedstock benzene, market sources said on Sunday.

Speaking on the sidelines of the International Petrochemical Conference (IPC), the market participants pointed out that no stytrene producers have issued any price increase for March contracts.

February styrene contracts were settled at 81.75-85.75 cents/lb ($1,802-1,891/tonne, €1,388-1,455/tonne) FOB (free on board), flat from the previous month.

Leading up to the IPC, styrene suppliers and consumers had said that the recent drop in benzene prices was pressuring the market. March benzene contract fell by 11 cents/gal.

March styrene contract prices are expected to be settled during the first two weeks of April.

Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.

($1 = €0.77)

By: Brian Balboa
+1 713 525 2653

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