According to the latest statistics, the spot price of styrene in Europe has soared to its highest level since early September last year. Statistics show that the 5-30-day forward spot price of styrene in Europe soared by 80.5 USD/ton in Monday, and rose 34 USD/ton in Tuesday, reaching 1462 USD/ton.
The European styrene market remained relatively calm last week, despite the problems in the Boehlen device in Germany following the Sheng of the Dow Chemical Company at the same location.
This week the price spike in styrene was actually a reaction to the expected transitions in February and March. The United States has heard that it has recently begun maintenance operations on cracking devices.