Styrene United States

摘要

US spot styrene fell to its lowest level in over 10 months, assessed Friday at 68.70 cents/lb FOB USG, a drop of 0.80 cent on the week, on lower feedstock benzene. The assessment was at its lowest since October 23, 2013, when it was at 68.50 cents/lb FOB USG, according to Platts data. No firm bids or offers were heard this week and no deals were heard on the week. Notional bids would be at 67 cents/lb and lower, sources said, while notional offers would at least be in the low-70s cents/lb despite lower spot and contract benzene. The higher offers would be from producers using ethylbenzene processes for making styrene because of higher variable costs, while a producer using a propylene oxide-styrene monomer process might be able to offer at a lower price because variable costs were heard lower for that process.