Styron Sees Positive Reaction To PS Settlement Change

Orhon: Change benefits producers and buyers. Styron says its proposal to settle polystyrene (PS) contracts in Europe at the beginning of each month rather than at the end has met with a positive reaction in the Western European PS market. The company proposed the shift late in March as a market-neutral, common-sense change that would add clarity and efficiency for buyers and sellers ( CW, March 26, p. 67). Styron says settling PS contracts earlier will bring more transparency and accuracy to the process. “Pricing was set too late in the month,” says...

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