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Prices of styrene continue to fall on the spot market in Europe this week, although slight signs of a trend change are already visible, ICIS reports citing market participants.<\/p>\nPrices of styrene continue to fall on the spot market in Europe this week, although slight signs of a trend change are already visible, ICIS reports citing market participants.<\/p>\n
On Monday, July 10, July offers were at the level of USD1100-1160 per ton, while the August prices were at the level of USD1080-1125 per ton.<\/p>\n
On Tuesday, the market opened with July offers at the level of USD1150-1200 per tonne, and the August ones at USD1110-1150 per ton.<\/p>\n
On Wednesday morning, the market began to talk about production problems at the Chevron plant in Al-Jubail (Al-Jubail, Saudi Arabia). Sources said that the problem of Chevron is insignificant and will not have an impact on the European market.<\/p>\n
On Wednesday morning, July applications and bids were at the level of USD1170-1220 per ton, August at USD1130-1160 per ton, while Asian prices were still rising.<\/p>\n
Styrene is the raw material for the production of polystyrene (PS).<\/p>\n
Earlier it was reported that players in the European polystyrene market (PS) are negotiating an increase in July contract prices of EUR20-35 per ton compared to June contracts against the backdrop of a rise in the cost of basic raw materials – styrene. The first contracts for polystyrene for general use (MSS \/ M) were agreed at EUR35 per tonne higher than June.<\/p>\n
According to the Price Review of ICIS-MRC, Russia continues the preventive shutdown of Gazprom Neftikhim Salavat (GNS). According to the plan, the stop should last until the first half of August. On the spot, polystyrene for general purpose production of GNS is practically absent. One of the contract buyers suggested that the STS had formed the necessary volumes to fulfill its contractual obligations during the idle period. Contract customers do not expect interruptions in the supply of polystyrene produced by the GNS.<\/p>","protected":false},"excerpt":{"rendered":"
Prices of styrene continue to fall on the spot market in Europe this week, although slight signs of a trend change are already visible, ICIS reports citing market participants. On Monday, July 10, July offers were at the level of USD1100-1160 per ton, while the August prices were at the level of USD1080-1125 per ton. […]<\/p>\n