Negotiations on the contract price of styrene in Europe for delivery in August are postponed due to public holidays in Switzerland, ICIS reports with reference to market participants.
August 1 – National holiday of Switzerland’s independence, a day off in the country.
Earlier it was reported that the contract price of styrene monomer in Europe was agreed at the level of EUR1,295 per tonne for July deliveries, which is EUR50 per ton lower than the level of the previous month. The contract price was agreed on the terms of delivery of FOB Amsterdam-Rotterdam-Antwerp (ARA).
Styrene is the main raw material component for the production of polystyrene (PS).
According to the ScanMap of the company MRC, the total operating time of the PS at the capacities of Russian plants in May was 42.58 thousand tons. Compared with May of last year, production of PS and styrene plastics in Russia decreased by 5%. Over the period January-May, the production of substations in Russia amounted to 216.42 thousand tons, which corresponds to the amount of operating time last year.