Initial US April styrene contracts down on weak feedstocks, demand

08 May 2013 22:04  [Source: ICIS news]

HOUSTON (ICIS)--Initial April styrene contracts have emerged this week at declines of 1.75-3.00 cents/lb ($39-66/tonne) from March, trade participants said on Wednesday.

The initial April declines were in line with market expectations, following a weaker feedstock April benzene contract price and a lack of price increase initiatives from producers.

The declines were also supported by weak demand in the styrene market.

April styrene contracts are expected to be finalised by Friday.

March styrene contracts were settled at 79.50-83.50 cents/lb FOB (free on board).

($1 = €0.76)

By: Brian Balboa
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly