Source: ChemOrbis
In Europe’s styrenics markets, players started to share their expectations for February outlook ahead of the styrene settlement. The majority of the participants see an upturn more likely for PS, pointing to the relatively limited supplies and better buying sentiment, unlike ABS.
Styrene contracts largely expected higher for February
Although the majority of market players were expecting €30-50/ton increases for February styrene contracts, some buyers and distributors have recently downsized their increase expectations to rollovers or slight increases of €10-20/ton.
A major market participant opined, “February styrene contracts may settle €10-20/ton higher.”
