Tuesday, November 08, 2011

Will Asian styrene catch up with firming oil prices?

Spot styrene prices softened on a week over week basis last week, as they remain below October levels, as per ChemOrbis. Despite a slight recovery of US$10/ton at the end of last week, the styrene marrket did not seem to react strongly to the firmer oil prices, which have been hovering above the US$90/bbl threshold since October 24.

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