STYRENE MONOMER

Styrene Monomer prices for May shipment dipped to US$1435/MT in Asia in the week of April 6, 2008. Few deals were concluded at last weeks levels, but prices finally dipped in the week. Meanwhile, feedstock benzene prices dropped in the week by about ten dollars on weakening demand. Absence of several players from the market also led to quiet market conditions. A large number of benzene cargoes to be dispatched to Southeast Asia next month will restrict the availability of benzene in the spot market of Asia.