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November styrene contract settles in Europe

by ChemOrbis Editorial Team -
  • 03/11/2014 (13:14)
An initial November styrene contract has settled in Europe, according to market sources. The new contract settled with a rollover from October at €1390/ton ($1737/ton) on an FOB NWE basis.

In Europe, spot styrene prices rose $120/ton on an FOB NWE basis throughout October owing to the supply constraints stemming from Shell’s force majeure in Moerdijk.

Prior to the styrene settlement, the November benzene contracts were concluded at €935/ton ($1168/ton) CIF ARA. The settlement figure represented a decrease of €110/ton ($137/ton) from October.
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