PODCAST: Huge hike in Europe styrene March contract; spot prices peaking

Barbara Ortner

02-Mar-2021

LONDON (ICIS)–Head of Market Reporting, Barbara Ortner, and Markets Editor, Fergus Jensen, discuss the impact of the record price increase for the Europe March styrene contract price.

The tightness of the European styrene market is reflected in both the contract and spot markets, driven by major plant outages in both Europe and the US.

The styrene monthly contract price plays a key role in determining the health of the whole styrenics chain, but is there a limit to how well the derivatives can absorb these upstream hikes?

Have styrene spot prices peaked, or is there more of this to come? As US chemical plants begin the process of restarting after the polar storm, how soon will the increase in supply be felt in the European styrene market?

To listen in a separate window, click here.

Additional reporting by Barbara Ortner and Fergus Jensen.

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