The spread between styrene monomer and its main feedstock benzene widened in Asia to a 15-month high of $331.50/mt Monday, as SM prices are supported by a series of plant turnarounds while benzene was on a downtrend along with US prices, ...
Tags: Asia, Weaker Benzene, Chemicals
Styrene monomer stocks in shore tanks in East China rose week on week by about 10,000 mt to roughly 66,000 mt this week -- the highest level seen since early August 2012 -- but still relatively low, market sources said. Whether the ...
The Northwest European styrene monomer/benzene spread has almost tripled in a month, widening $177.50/mt to $276.50/mt Wednesday, Platts data showed. The spread was $99/mt on December 17. While styrene spot values have declined ...
Tags: Northwest Europe, styrene monomer, benzene
Asian benzene prices crashed through the $1,400/mt support level Wednesday, shedding $45/mt or 3.1% day on day to settle at $1,397.50/mt FOB Korea as factors supporting a bullish benzene market collapsed, market sources said. Benzene ...
Tags: Asia benzene sheds, Asian benzene prices, benzene market, Benzene prices
Styron Europe will seek to increase general purpose and high-impact polystyrene prices in January by Eur110/mt ($143/mt), the company said Friday. "The price increase responds to the rising costs associated with the manufacturing of ...
Tags: polystyrene prices, polystyrene, styrene, benzene
Styrene monomer traders Thursday said they remained bullish about the outlook for SM in the first quarter of 2013 and expect prices to stay firm even after hitting new record highs on almost a daily basis in December and to date in January. ...
Tags: Styrene monomer traders, outlook for SM, collapse, Chemicals
Asian aromatics hit all-time highs this week on shrinking supplies and rising feedstock costs. Toluene and styrene monomer spot prices set new records Wednesday, assessed at $1,388.50/mt FOB Korea and $1,674/mt FOB Korea respectively while ...
Tags: Asian Aromatics, Chemicals, Tight Supply, Speculation
Japan's output of styrene monomer in November was 222,575 mt,up 23%from October but down 8%year on year,the Japan Styrene Industry Association announced Tuesday. This was the highest production of SM in a month since January when output ...
Tags: Japan, styrene monomer, output, Japan Styrene Industry Association
Some South Korean styrene monomer producers have settled 2013 term supply contracts with their customers at a premium of $8-9/mt to Platts FOB Korea SM assessments, an increase of $2-3/mt from a premium of $6/mt for 2012 term contracts, ...
Tags: styrene monomer producers, spot prices, market sources
The price of styrene monomer in Asia hit a four-and-a-half-year high of $1,645/mt FOB Korea and $1,672/mt CFR China Wednesday, as the price of feedstock benzene soared to a record high of $1,477/mt FOB Korea on the same day, Platts data ...
Tags: styrene monomer, feedstock benzene, benzene prices, overseas markets
Taipei, Dec. 5, 2012 (CENS)--The four major member firms of Formosa Plastics Group (FPG) racked up total revenue of NT$137.677 billion in November, up 3.2% year-on-year, announced the group yesterday (Dec. 4). The group noted that the ...
Tags: Formosa Plastics Group, total revenue, racked up, petrochemical
The backwardation in the Asian styrene monomer market has steepened over the past one week as arbitrage cargoes from Europe and the US -- totaling around 20,000-30,000 mt -- are due to arrive in late December and early January, trade ...
Tags: SM prices, cargoes, styrene monomer
Demand for high impact polystyrene in Asia has fallen over the past one month on plunging acrylonitrile-butadiene-styrene prices, making it more attractive than HIPS for many customers, Asian HIPS producers said this week. ABS is a ...
Tags: high impact polystyrene, plunging acrylonitrile-butadiene-styrene
L/LDPE The L/LDPE price bubble has truly burst with notations tumbling in June. Producers initially hoped to limit the downward price adjustment in line with the ?20/tonne drop in the June ethylene contract price but were swiftly forced to ...
Tags: market view, Plastics prices
Commodity resin prices are tumbling throughout North America, with polypropylene experiencing the steepest drop -- a 14-cent dive since Oct. 1. Regional prices for polyethylene, PVC, polystyrene and ABS also are down in recent weeks, ...