IHS Chemical Week

Chemical Week Magazine :: Basic Chemicals & Plastics

European styrene contracts likely to roll over or drop on benzene decline

12:51 PM MDT | July 1, 2013 | –Clay Boswell

European styrene prices have been strong, with June contract price settled at €1,424/m.t. ($1,856), €10 higher than May. Spot prices also rose steadily throughout June. However, with the price of benzene feedstock in decline and margins at a comfortable level, July contracts are likely to roll over and may even decline, says IHS Chemical. The June settlement brought producers healthy margins. Barge contracts settled at €1,414/m.t. fob Rotterdam, up €14/m.t. from May, according to the latest Market Advisory Service: Europe Aromatics, published...

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