23 August 2012 06:32 [Source: ICIS news]
By Clive Ong
Current prices are more than $200/tonne higher compared with $1,240/tonne CFR (cost and freight)
Inventories in east
“Domestic availability [of SM in
Lower operating rates at regional plants over the past months due to weak demand have reduced prompt SM supply in
Some facilities in
A heavy turnaround schedule at SM plants from February to April aggravated the supply tightness in
“The tight availability is also exacerbated by limited arbitrage from the
With prices in Asia trailing the
While the third-quarter manufacturing for export season in
“While manufacturing is not great this year in
SM is a liquid chemical used to make plastic resins like polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS), as well as synthetic rubbers like styrene-butadiene-rubber (SBR) and styrene-butadiene-latex.
($1 = €0.80)
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