Thursday, April 03, 2008

STYRENE MONOMER

Styrene Monomer markets inched up as both buyers and sellers preferred to adopt a wait and watch policy.
Amid lackluster market sentiments, Styrene Monomer prices edged up to US$1445/MT in Asia in the week March 31, 2008. Markets did not move much as both buyers and sellers preferred to adopt a wait and watch policy. FOB Korea prices for May shipment continue to persist at current levels. Feedstock benzene prices in Asia moved up to US$1090/MT in line with buoyant crude values as well as robust benzene values in USA.

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