The June contract price of benzene in Europe is agreed at EUR46 per tonne higher than May – The contract price of benzene in Europe for supplies in June was finally agreed at the level of EUR757 per ton, which is EUR46 per ton higher than the level of the May price – June Price benzene Europe - Arhive

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The June contract price of benzene in Europe is agreed at EUR46 per tonne higher than May

MOSCOW – The contract price of benzene in Europe for supplies in June was finally agreed at the level of EUR757 per ton, which is EUR46 per ton higher than the level of the May price, ICIS reported citing confirmation from two sellers and two buyers.

The June contract price of benzene was agreed in dollar terms at the level of USD875 per tonne, and then converted into a price in euros at an agreed exchange rate of EUR1 = USD1,1558.

Thus, if we take the price of benzene in a dollar equivalent, then the June contract price for the material increased compared to May by USD17 per ton.

Earlier it was noted that the May contract price of benzene in Europe was approved at the level of EUR711 per ton, which is EUR9 per ton higher than the level of April.

Benzene is the raw material for the production of styrene, which, in turn, is the main raw material component for the production of polystyrene (PS).

According to the Price Review of ICIS-MRC , the growing price of styrene monomer in the Russian market creates prerequisites for a PS price hike in June. On the other hand, a sharp depreciation of the euro lowers the cost of the European material in rubles, taking into account the delivery to Moscow in June.

mrcplast.ru

Author:                Margarita Volkova

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