| RSS
Business center
Office
Post trade leads
Post
Rank promotion
Ranking
 
You are at: Home » News » internal »

Americas: Second US producer announces 8-cent SM contract increase for May

Increase font size  Decrease font size Date:2011-05-11   Views:835
A second North American producer has nominated the May styrene monomer contract price 8 cents higher, a source confirmed Tuesday. Ineos on Tuesday said the May increase was 8 cents, matching an earlier announcement from SABIC.

"Some have gone up 7 [cents], some have gone up 8 [cents]," the source said. "But everyone is going up."

Variable costs for styrene were near 68 cents/lb on Tuesday, based on spot feedstock prices. Based on April contracts for feedstocks, variable costs were closer to 60.5 cents/lb. The last reported spot deals were at 70.5 cents/lb and 71 cents/lb. A source on Tuesday said the next spot deal would be at 72 cents/lb or higher.

The increase pushes the domestic contract price for styrene into the mid-70s cents/lb, a source said. The domestic contract price is generally a few cents above spot prices to account for delivery charges.

 
 
[ Search ]  [ ]  [ Email ]  [ Print ]  [ Close ]  [ Top ]

 
Total:0comment(s) [View All]  Related comment

 
Recomment
Popular
 
 
Home | About | Service | copyright | agreement | contact | about | SiteMap | Links | GuestBook | Ads service | 京ICP 68975478-1
Tel:+86-10-68645975           Fax:+86-10-68645973
E-mail:yaoshang68@163.com     QQ:1483838028