May benzene price Europe - Arhive

May benzene contract price in Europe rose by EUR40 per ton 

May benzene price Europe

MOSCOW- The contract price of benzene in Europe for deliveries in May of this year was finally agreed at EUR680 per ton, which is EUR40 per ton higher than the April price, ICIS reported, citing confirmation from three buyers and three sellers.

Contract prices were agreed on the terms of delivery CIF North-Western Europe.

The May contract price of benzene was agreed to in dollar equivalent at USD758 per tonne, and then converted to euro in an agreed exchange rate of EUR1 = USD1,11150.May benzene price Europe 

Thus, if we take the price of benzene in dollar equivalent, then the May contract price for the material has increased compared to April by USD40 per ton.

Since the beginning of this year, benzene quotes have grown in the region by EUR195 per ton, i.e.  by 40%.  Meanwhile, the January material prices were fixed at the lowest level in the last nine and a half years.May benzene price Europe 

Earlier it was noted that the April contract price of benzene in Europe was approved at EUR640 per tonne, which is EUR82 per tonne higher than the level of March.

Benzene is a 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 ICIS-MRC Price Review , all Russian PS manufacturers retained the May selling prices at the level of April.  At the beginning of last week, the manufacturer Nizhnekamskneftekhim considered the possibility of increasing prices in the current month by 1 thousand rubles.  per ton, but ultimately decided not to do this and prolonged the April ones.May benzene price Europe

Author:   Margarita Volkova

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