Friday, February 08, 2008


Propped by higher upstream values, Styrene Monomer prices in Asia strengthened by ten dollars to US$1335/MT in the week of February 4, 2008. Rising SM prices in USA also supported higher prices. Prices are being heard at around US$1345/MT FOB Korea level for March shipment. Feedstock benzene prices gained in the week, but few deals were done- inactivity prevailed in the absence of serious buying intention.

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