Asian Styrene - Trade muted during China holiday■ India's demand to ebb following the Diwali festival■ Prices remain stable before China's returnDue to China's Golden Week holiday and
fundamental weakness, trade discussions in the Asian styrene market were
limited. Styrene
FOB China and CFR China remained unchanged at $1,035/mt and $1070/mt
respectively on October 7. FOB China
styrene was physically rested at $1110/mt on Oct 7. Trade discussions from Southeast Asia were soft. Both the seller
and buyer stressed no indications. Customs
data from Oct. 5 revealed that India imported 78.166 mt of polystyrene monomer
in august, which was down 3% from the 80.642 mt imports in July. Indian buyers anticipate India's demand will start to taper
off after Diwali and there were no bullish buying sentiments among
participants. A source quoted CFR China
styrene plus $10/mt as...