Prices Of Styrene Monomer Continued To Decline In Asia
Tuesday, Asia.
styrene
The price of monomer continued to decline.
The price of styrene monomer continued to decline due to the weak benzene price in the upstream, while the prices of the downstream polystyrene and ABS markets continued to bear.
The Republic of Korea
The FOB price of styrene monomer was assessed at 1040 US dollars / ton, while the CFR China price dropped to US $1050 / ton.
A styrene monomer sales unit said that despite the decline in styrene monomer prices, interest in procurement remained low.
Our demand for spot increased and our Khan sold unreasonable low prices.
China is on holiday and its purchasing power in Asia will drop again.
The supply of styrene monomer in Asia is ample, along with the new 620 thousand tons / year styrene in Zhenhai, Sinopec.
Monomer plant
This week, it will again put pressure on the price of styrene monomer.
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