27 November 2008 04:23 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan’s Nihon Oxirane Co, a producer of styrene monomer (SM), has lowered its December contract price nomination by a third to $600/tonne (€462/tonne) from the previous month, taking into account sharply lower spot values, a company source said on Thursday.
The nominated price in November was $900/tonne CFR (cost and freight) ?xml:namespace>
Spot values fell to around $550/tonne (€424/tonne) CFR China in mid-November from $1,365/tonne in late September, according to global market intelligence service ICIS pricing.
Nihon Oxirane, a joint venture of
($1 = €0.77) For more information on SM, visit ICIS chemical intelligence
($1 = €0.77)
For more information on SM, visit ICIS chemical intelligence
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