On Wednesday, The Price Of Styrene In Asia Fell Again.
On Wednesday, Asia
styrene
The price of monomer dropped again.
The price is down due to the depressed demand for styrene monomer in the region.
A styrene monomer purchaser said: "in recent weeks, the price of styrene monomer is sharp.
decline
We still refuse to purchase, use our inventory, and we can get all styrene monomer in Asia and elsewhere.
The demand for downstream polystyrene (PS), expandable polystyrene (EPS) and acrylonitrile butadiene styrene (ABS) is still in the doldrums. The price of raw materials at the upstream is weak, and we expect the price of styrene monomer to continue to decline.
The buyer added: "inventory is quite high in China.
Sinopec's Zhenhai Refinery Plant is scheduled to start this week, with capacity of 620 thousand tons / year, and the availability of styrene monomer will rise again.
This will give
Seller
Pressure is applied to reduce their quotations.
The assessment price of styrene monomer dropped to 1030 US dollars / ton FOB Korea price.
Some buyers said they would consider buying only when the price was assessed at 1000 US dollars / ton FOB Korea price.
CFR China's price dropped to 1040 US dollars / ton level.
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