The softening tone in Italy’s PS market appears to have shifted to October, as two producers announced October gentlemen’s agreements with €45-55/ton drops, as per ChemOrbis. The slow season for PS appplications coupled with lower upstream styrene costs triggered by the softer crude oil prices, prior to the recent recovery on Nymex towards the end of last week, have taken their toll on the current decreasing trend.
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Wednesday, October 12, 2011
Slow demand and lower upstream costs pull down Italy’s PS market
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