Tuesday, November 27, 2007

STYRENE MONOMER

Styrene Monomer prices dipped to US$1380/MT in Asia in the week of November 26, 2007, induced by bearish upstream benzene market. Some deals were heard concluded at US$1370/MT FOB Korea. Benzene prices dipped to US$1025/MT in Asia despite bullish crude oil and naphtha values, as buyers adopted a wait and watch policy.

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