EPCA ’13: US Oct styrene expected flat to weaker on lower benzene

06 October 2013 10:29  [Source: ICIS news]

BERLIN (ICIS)--October styrene contracts in the US are expected to be stable to weak although US September styrene contracts were still being settled as many market participants continue negotiations during 47th European Petrochemical Association (EPCA) meeting in Berlin this week, trade sources said on Sunday.

Producers have not announced any price increases for October as a result of weaker benzene prices in September, and a 3 cent/gal ($9/tonne, €7/tonne) decline in the October benzene contracts, according to trade sources.

A couple of suppliers said they were looking to rollover September contract prices into October.

A major styrene consumer added that it was pushing for an October decline of 2 cents/lb ($44/tonne, €33/tonne).

Initial US September styrene contract settlements emerged at increases of 1.25-3.00 cents/lb last week. September styrene contracts are expected to be settled by Friday.

The August styrene contract price is at 78.75-82.75 cents/lb FOB (free on board).

The annual EPCA meeting runs from 5-9 October in Berlin, Germany.

($1 = €0.74)

By: Brian Balboa
+1 713 525 2653

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