The contract price of styrene monomer in Europe was finally agreed for March deliveries at EUR1,551 / t, up EUR501 / t or 48% from the previous month, ICIS reported.
The contract price was negotiated free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA).
Thus, in the European market, agreement was reached on the March contract price for the material by three buyers and two sellers, which is a sufficient configuration for the approval of the contract price for the material.
Earlier it was noted that the February contract price of styrene on the European market increased by EUR24 per tonne compared to January – to EUR1,050 per tonne.
Styrene is the main raw material for the production of polystyrene (PS).
According to the ICIS-MRC Price Review, the cost of Nizhnekamsk material will increase by 20 thousand rubles on the Russian PS market in early spring. per tonne under the pressure of a sharp and significant increase in the cost of raw materials and high demand in the polystyrene market. The lack of material will remain in March, according to the expectations of the main market players. The manufacturer Penoplex plans to increase the price of its material by 20 thousand rubles as well. per ton.