US styrene suppliers push for September increase

04 September 2013 21:10  [Source: ICIS news]

HOUSTON (ICIS)--Although August US styrene contracts have not settled yet, producers have already issued price increases for September, market participants said on Wednesday.  

Supplier price increases for September were announced at 3-4 cents/lb ($66-88/tonne, €50-67/tonne) during the week, following the recent 23 cent/gal increase in the September feedstock benzene contracts due to planned turnarounds for the next two months.

Current July styrene contracts are at 77.75-81.75 cents/lb FOB (free on board).

Initial August styrene contracts are expected to emerge this week.

Only one supplier has confirmed an August price increase of up to 2 cents/lb.

Market sentiment has been mixed for August styrene contracts, as some sources have said an increase might be difficult with downstream polystyrene (PS) prices recently moving down.

($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