FOB
China deals concludedNon-integrated
SM margin remains negativeAsian spot styrene monomer prices were
down $5/mt on the same day to $998/mt-$1,029/mt CFR China The China
domestic price was lower than Yuan 10/mt at Yuan 7.920/mt on Dec. 2 marker Spot discussions
in China's domestic market were held at Yuan 7,900- 7,960/mt to ensure prompt delivery throughout the day.
Strong front buying interest from traders. There is plenty of supply in China, and global prices are
relatively stable. There were many FOB China deals. The December lay can be set at $1,090-$1,130/mt. According to traders, the bulk of exports is going through
them. Discussions were held during the prompt
month of December loading rates, prompting prompt buying interest in the domestic market. According to traders, FOB prices were about $50-$100 per mt
more than CFR China. Encourage export
activity. December will see the export...