Spot styrene prices in Europe are still the lowest compared to other regions in the background of a wide supply and weak demand, ICIS reported, citing sources in the market.

If the previous week the price proposals were on the level of USD960 per ton, FOB, the last week, spot prices fell to USD950 per ton, while the real deals were in the range of USD935-945 per ton, FOB.

This styrene prices in the US in August and September showed growth against the background of technical problems in some industries, leading to an increase in the price of benzene. Styrene prices in Asia have started to decline in September, but they remain higher than in Europe.

In the last European spot prices fell below the Asian and US in January 2015, when contract prices fell by EUR290 per ton due to lower benzene and crude oil quotations.

Styrene is a key raw material for the production of polystyrene.

According to the price review ICIS-MRC, the Russian polystyrene spot prices in the domestic market last week remained relatively stable. Price reduction was observed in the upper range of prices. polystyrene production Sibur voiced Prices in the domestic market at the level of 104 500-110 000 rubles. per tonne, CPT Moscow, including VAT.