STYRENE MONOMER

Benzene prices that stagnated last week, bounced back above US$970/MT, in line with rising oil prices, in the week of August 20, 2007. Rising feedstock benzene prices failed to sustain Styrene Monomer prices this week. SM prices dipped marginally to US$1385/MT in the week of August 20, 2007 in Asia. The number of transactions for the week was trimmed down as buyers preferred to "wait and watch". Styrene monomer prices are expected to fall in the next month.