- PS margins poor- Recovery slow is required for downstream
products





Asian styrene monomer was unchanged at
$1,092/mt CFR China, and $1,082/mt FBO Korea based on stable Chinese domestic
indicators. A trader said that SM demand will be
affected indirectly by the low PS margins, due to poor downstream PS
[polystyrene] margins. Chinese producers have a greater advantage
because of their upstream integration and easier access to lower energy. Soft demand
meant that spot trading activity was still muted. Spot trading
activity was not affected by slow demand. A South
Korean buyer said that he hadn't yet heard of any transactions during this week. Prices were
stable in the east Chinese domestic market. On an
import-parity basis, the Chinese domestic prompt marker was at Yuan 15,340-15,390/mt.
This is about $1,061.97-1,100/mt. According to a Chinese trader, there
won't be...