Styrene:United States

摘要

The US spot styrene price fell this week as softening in the European and Asian markets effectively capped US prices near 57 cents/lb, one producer said. “It rarely happens, but it could happen,” a producer said of the potential open arb from Europe to the US. “Right now, the European price is basically setting a ceiling for the US.” With European styrene trading at $1,180/mt FOB Rdam on Thursday, the arb to the US would be open for prices above 57 cents/lb [$1,256.60/mt] FOB USG, the source said. 57 cents/lb would barely cover variable costs for styrene production in the US.