The base contract price of styrene monomer for consumers in the European market was agreed at EUR1,055 per tonne for March deliveries, which is EUR60 per ton higher compared to the level of the previous month, one of the manufacturers told ICIS.
This level of coordination of the basic March contract price for buyers on delivery terms of free on board (FOB) Rotterdam was set in full compliance with the earlier agreement on the March contract price of material that was reached on March 1.
Earlier it was reported that the February base contract price of styrene in Europe was approved at EUR995 per tonne, which is EUR20 per tonne higher than in January of the current year.
Styrene is the main raw material component for the production of polystyrene (PS).
In Russia, the cost of individual grades of Nizhnekamsk general purpose polystyrene (PSS / M) decreased in March. PSS / M for foaming for large producers of EPS-plates, market leaders, decreased in price by 3 thousand rubles. per ton. For buyers of other brands of Nizhnekamsk PSS / M and impact resistant material (UPS / M) prices dropped by 1 thousand rubles. per ton. Last week, the prices of PSS / M produced by Gazprom Neftekhim Salavat for a large manufacturer of EPS plates decreased to the level of 94.5 thousand rubles. per ton, CPT Moscow, including VAT. For the average size of buyers, the price was 97,000-99,000 rubles. per ton, CPT Moscow, including VAT, and above. A manufacturer Penoplex reduced the cost of the March parties PSS / M by 2 thousand rubles. per ton to 109 000-112 000 rubles. per ton, CPT Moscow, including VAT.