North China’s producers raise SM prices on tightening supply

17 October 2012 06:43  [Source: ICIS news]

SINGAPORE (ICIS)--Domestic producers in north China have raised their styrene monomer (SM) ex-works (EXW) prices amid tightening supply in the region, industry sources said on Wednesday.

Sinopec subsidiaries Qilu Petrochemical and Qingdao Petrochemical raised their EXW prices by yuan (CNY) 200/tonne ($32/tonne) to CNY13,200/tonne, while PetroChina’s Jinzhou Petrochemical and Fushun Petrochemical raised their EXW prices by CNY200/tonne to CNY13,300/tonne, according to the sources.

Tianjin Dagu Chemical raised its price by CNY400/tonne to CNY13,800/tonne, they added.

Tightening supply and rising SM prices in east China bolstered north China’s prices, and producers raised their offers as a result, a source said.

($1 = CNY6.26)

By: Echo Chen

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