Styrene Europe

摘要

Northwest European styrene monomer barges loading 5-30 days forward were assessed at $1,354.50/mt FOB ARA Friday, down $1/mt on the day, on rolling dates in a backwardated market. Week on week, prices have fallen $21/mt, on the back of better supply fundamentals. In production news, Trinseo has restarted its 500,000 mt/year Terneuzen styrene plant in the Netherlands after a turnaround which began in mid-April, industry sources said this week. The company was not available for comment. The plant represents approximately 7% of total European styrene capacity, Platts data showed. Despite this, market participants remained bullish on the price outlook in the coming weeks on the back of firmer feedstock costs and a booming Asian styrene market. Upstream, in the benzene market, prices surged $82/mt week on week to $862/mt CIF ARA Friday