- Styrene lends day-on-day support- February Purchases Support Prices



The support from the downstream styrene
markets caused prices to rise day by day in the Asianbenzene market Dec. 21. Talks suggested that a
styrene manufacturer would see a short turnaround, which supported the
styrene/ethylbenzene futures market in China. On an import-parity basis, the east China domestic benzene
marker was slightly lower at Yuan 58.33/mt Yuan 6,465/mt which is $805.32/mt. The FOB market saw even higher prices. Due to expectations that holiday demand would be higher in
February, the FOB Korea February-March laycans became parity. A bid of $829/mt was made for the February laycan, while an
$826/mt offer was made. Both seemed not to
have booked with one another. FOB Korea
benzene physical markers were $826.83-840.90/mt. This was $36.50-41.80/mt more
than the previous day. One source claimed
that...