Styrene Monomer prices continued their downward trend and dipped to US$1345/MT in Asia in the week of December 17, 2007. Dual pressure of weakening feedstock benzene values (despite a sharp gain in crude oil and naphtha values) coupled with subdued downstream Polystyrene markets, have led to this dip in SM values. Dull market conditions prevailed as both sellers and buyers preferred to wait and watch.
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