According to Platts information in London on January 23rd, according to statistics released by S & P Global Platts, the spot price of styrene in Europe soared to its highest level since early September last year.
Statistics show that European spot 5-30 days spot styrene in Europe rose another $ 34 a tonne on Tuesday to $ 1,462 a tonne on Tuesday after a surge of $ 80.5 a tonne on Monday.
Although Trinseo also experienced problems with the Boehlen plant in Germany after the Dow Chemical Company cracked in the same location, the styrene market in Europe remained relatively calm last week.
Although Platts could not pin down the details, the surge in styrene prices this week was in response to the expected transitions in February and March, and the United States heard that it has recently started cracking operations.