Europe Jan styrene customer reference price agreed up €35/tonne

08 January 2014 13:31  [Source: ICIS news]

LONDON (ICIS)--The European styrene customer reference price (CRP) for January has been settled at €1,418/tonne, up €35/tonne from the previous month, the producer involved confirmed on Wednesday.

The €35/tonne increase was in line with the January barge contract, which was settled last week at €1,410/tonne on a free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA) basis.

Europe has been the highest-priced region for styrene since late December, with spot numbers supported over the holiday season by some pressure on prompt availability, healthy feedstock values and strong forward sentiment in Asia in light of the upcoming turnaround season.

January spot values were at $1,710-1,720/tonne FOB Rotterdam while February was in contango at $1,715-1,735/tonne.

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

By: Truong Mellor
+44 208 652 3214

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