Styron Seeks Changes to Polystyrene Contract Settlements in Europe

Styron has proposed changes for the settlement of monthly polystyrene (PS) contacts in Europe, calling for contracts to close in the first week, but not later than the tenth working day of each month, effective May 1. “The current contract pricing management for polystyrene in Europe does not respond to the realities that stakeholders across the industry face today, including high volatility in feedstock costs, supply and demand of polystyrene materials and/or operating margins,” says Paul Moyer, v.p. and general manager/plastics at Styron. “The...

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