Styrene Monomer prices are on the rise in Asia this week, crossing the 700 dollar mark. Several factors were responsible for taking offers to US$755/MT CFR China. These include increasing value of feeedstock benzene, fortified buying interest from derivative markets of PS, ABS and EPS along with tight availabilities in the continent resulting from reduced run rates and plant shutdowns.
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Friday, February 13, 2009
Asian SM prices rise on increasing benzene values, fortified downstream buying, restricted avails on reduced runs
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