The July contract price of styrene in Europe was agreed at the level of EUR1 055 per tonne, which is EUR125 per tonne lower than the previous month, confirmed the ICIS several market players.

The price agreed on terms FOB (of FOB) Amsterdam-Rotterdam-Antwerp (ARA).

Styrene is a key component of the raw material for the production of polystyrene (PS).

It was noted earlier that the June price on the European market of polystyrene (PS) were finalized at an average of at EUR40 per tonne higher than in the previous month. However, market prices have been that have been sounded above and below the specified level. It was also reported about the prices in the prolongation of the trading business, as traders believe that the price of styrene monomer will decrease in July, which has been confirmed on the spot market at the end of June.

Meanwhile, demand remained good material on the background of talk in the market that styrene prices may drop significantly in July.

According to the price review ICIS-MRC, this week the price of styrene monomer production Sibur announced in the Russian spot market at the level of 93 thousand rubles. per ton FCA, c VAT. Also this week, in sale volumes of styrene production Angarsk Polymer Plant. According to the customer, after the launch of use of styrene in Angarsk, the company has significantly increased the prices of the monomer on the spot.