North American Styrene Short on Plant Outages, Firm Demand

North American styrene prices have firmed amid several plant outages combined with demand running slightly ahead of projections. Late month August contracts were reported to be settled at an increase of 4 cts/lb, to 52 cts/lb FOB U.S. Gulf Coast. As soon as buyers and sellers agreed to those numbers producers nominated another increase of 4 cts/lb for September, market players say. Ineos Nova’s 950 million-lb/year styrene monomer unit at Sarnia, ON, is out of service for a maintenance turnaround. The unit is expected to be back in service by the end of the...

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