VIDEO: Asia styrene may continue to see strong fundamentals until H2 November

Trixie Yap

05-Nov-2020

SINGAPORE (ICIS)–Senior Editor Trixie Yap discusses the recent drivers for the uptrend in styrene monomer (SM) prices in Asia as they hit close to the psychological benchmark of $900/tonne CFR (cost&freight) China.

  • Drawdown in east China inventories may continue on few November import arrivals
  • November to early December buying from other regions may emerge if deep-sea delays
  • Downstream demand to stay robust until early December

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