Tuesday, March 23, 2010

Spot styrene prices gain momentum in Asia, Europe with higher crude, benzene

In Asia, spot styrene prices rose by US$30/ton FOB Korea over the past week in line with higher oil and benzene prices. As per Chemorbis, crude oil prices gained US$2.40/bbl in the last week, pushing Asian benzene prices higher by US$38/ton over the past week despite the slight softening on Friday.

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