Europe May styrene CRP settles down €8/t at €1,405/tonne

02 May 2013 15:58  [Source: ICIS news]

LONDON (ICIS)--The European May styrene customer reference price (CRP) has settled at €1,405/tonne ($1,848/tonne), down €8/tonne from the previous month, the seller and several buyers involved confirmed on Thursday.

“We were looking for a reduction this month,” said one of the buyers. “Spot numbers came down in April.”

The seller said it had initially been looking for an increase in May following a €64/tonne rise in the monthly feedstock benzene contract price, but that the quick settlement of the styrene barge contract this morning at €1,400/tonne FOB (free on board) ARA (Amsterdam-Rotterdam-Antwerp) subsequently influenced talks.

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

($1 = €0.76)

By: Truong Mellor
+44 208 652 3214

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