Europe styrene spot moves higher ahead of June

摘要

LONDON (ICIS)--Some upward movement in European styrene spot pricing this week has confused the market, sources said on Wednesday, with many anticipating lower prices in June. However, it remains to be seen whether the current uptrend is sustainable or simply a short term development. The market firmed slightly last week, with reports of a potential production problem at one European site pushing the market upward. Offers for May reached $1,120/tonne FOB (free on board) but there was some reluctance among buyers to follow the market higher.