The contract price of styrene monomer in Europe was agreed at the level of EUR1 310 per ton for October deliveries, which is EUR70 per ton lower compared to the previous month, ICIS reported on Monday citing confirmation from two sellers and two buyers in the market.

The contract price was negotiated on delivery terms free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA).

Earlier it was reported that the September contract price of styrene monomer in Europe was agreed at the level of EUR1 380 per ton, which is EUR65 per ton higher than the level of August.

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

According to the ICIS-MRC Price Review, the Nizhnekamskneftekhim plant on the Russian market last week informed buyers about an increase in PS sales prices this month. It is expected that general purpose polystyrene (PSS / M) will cost 3 thousand rubles. per ton, and impact-resistant material (UPS / M) – 4 thousand rubles. per ton. The decision to increase the cost of the Nizhnekamsk material in October was unexpected for most market participants. The cost of the PS produced by Gazprom Neftekhim Salavat (STS) did not change last week. Salavat PSS / M was offered for 109,000-112,000 rubles. per ton, CPT Moscow, including VAT, and UPS / M – at 113 000-115 000 rubles. per ton, CPT Moscow, including VAT. The producer Penoplex in October raises the selling prices of PSS / M to the level of 116,000-119,000 rubles. per tonne, FCA plant, excluding VAT.