SINGAPORE (ICIS news)--The rebound in styrene monomer (SM) prices after the Chinese National Day holidays in early October has led to the opening of the west-to-east arbitrage window, traders and brokers said on Monday.
Spot SM prices into the key Chinese market rose from the mid-$900s/tonne (€603) CFR (cost and freight) China in early October to above $1,050/tonne CFR China in early November, according to data from global chemicals market intelligence service, ICIS pricing.
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| 09 Nov 09 02:22 24 Sep 09 03:19 16 Sep 09 02:26 |
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INSIGHT: Enjoy China’s chemicals imports while they last
“When economic stimulus shifts away from supporting exports, chemicals import volumes will slip.” more
VIDEO - ICIS news Asia Lunchtime Bulletin 9 November 2009
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