- China offers arbitrage to Europe at low prices- Asia - Pacific Supply Expected to Tighten



Asian styrene monomer prices fell $11/mt
during the session to $1.109.00/mtCFR China, and $1.099.00/mt FOB Korea on
March 6, following weaker Chinese indications. Market source cited a
recently completed deal that moved styrene from Europe to China. Styrene prices in Europe
have dropped sharply, with the FOB ARA marker dropping $181/mt over two weeks
to $961/mt on March 3. A trader stated that the arbitrage was possible [on
paper]. However, discussions on CFR
China were much more active last week than today. " Some market source expect spot market activity
will recover as discussions for March cargoes start. [South] Korea's
SM turning season starts in April. A
producer based in South Korea said that there is not much potential for
[South] Korea" to export SM...