Monday, December 27, 2010

Global PS markets supported by upstream costs

PS prices are supported by higher crude oil and styrene costs in global markets. Looking at styrene prices in Asia, spot offers have gained US$95/ton FOB Korea when compared to the beginning of Decembber- US$45/ton of this increase has occurred over the past week in the wake of higher benzene feedstock costs, which have gained US$80/ton from the beginning of December.

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