Spot styrene prices in the European market continued to grow this week on the eve of the offensive in February, with the value of the rise in prices for February and March shipments began to increase, according to ICIS.

On the Asian market prices increased again this week, which supported styrene prices in Europe. Price offers for January deliveries were at the level of USD1 310 per ton, and one transaction was named at USD1 300 per tonne, which is still to be confirmed.

Price promotions on the same February delivery voiced at USD1 315-1 320 per ton at the beginning of the week, and on March deliveries – at the level of USD1 330-1 335 per tonne.

“We will see the effect of different stops companies in the next month is now the main question -. This April delivery before the end of preventive maintenance, we can not get any additional volumes of material.”, – Said one of the players.

A few plants for the production of styrene in Asia and will resume operation after maintenance in the period from March to April, before that entail good demand for material from the United States, especially from the Chinese market.

Styrene is spanning raw ingredient for the production of polystyrene (PS).