The  European   styrene    spot   price   surged  Monday, breaching   the $1,100/mt  mark 

and reaching the highest level since June 3, despite length in the European market. 

The styrene  spot  price  was assessed at $1,100.50/mt FOB ARA Monday, up $16.50/mt, 

driven by upward movements in Asia, according to sources. 

"It's an Asian  story. There  is  no  shortage  of styrene in Europe,"  a  source said adding 

that, if  it  was  not  for  Asia,  the  European  price  would  be $100-200/mt lower than the

current level. 

The CFR  China  marker  price  was  assessed  at $1,198/mt  on  Tuesday, rising sharply 

from $1,141.50/mt last Wednesday.

Sources  have  said  that there was plenty of product available in Europe, but tightness in 

other regions, primarily Asia, was pushing up the price. 

Exports were heard fixed to both Asia and Latin America. 

The US,  which  is a major seller into both regions, was heard to be tight on product. This 

has made Asia and Latin America reliant on European product. 

The first source added that he did not foresee much relief in prices in the coming months 

due to a heavy turnaround season in Asia and the US in Q1 2017. 

"[We are talking] about months, not weeks," he said.