Wednesday, March 09, 2011

Asian styrene dip despite stronger upstream costs

Spot styrene prices in Asia have lost some ground over the past weeks even as crude oil and naphtha prices raced ahead to reach their highest levels since 2008, as per Chemorbis. Players commented thaat styrene demand has not been responsive to tightening supplies in the region as existing stock levels have proven high enough to dissuade styrene buyers from purchasing beyond current needs amid ample buffer stocks.

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