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Focus Europe styrene faces downward pressure for September

Focus article by Truong Mellor

LONDON (ICIS)--The European styrene monthly barge contract is poised for a decrease in September, sources said on Thursday, with downward pressure from raw materials and bearish sentiment in both Europe and Asia weighing down on the market.

Feedstock benzene is likely to see a sizable downward movement for September, with spot levels moving as much as $90/tonne below the August contract price of $1,450/tonne FOB NWE this week.

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