Support for Early PS Settlement in Europe but Timing Is in Doubt

That April is the cruelest month is typically a reference to the highly variable weather, but for Styron it could also apply to the fate of the company’s proposal to settle polystyrene (PS) contracts in Europe at the beginning of each month rather than at the end. Styron 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). Response so far has been widely positive, at least in terms of the intent of the effort, market players say. But as to whether the market...

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