- Prices fall for fourth consecutive
session- Dalian Commodity Exchange launches MEG
and SM options



Prices
fell by $10.50/mt to $979.50/mt, despite an improved demand for downstream
styrene. Downstream expandable polystyrene and
polystyrene plants in China have slightly raised rates, while some
acrylonitrile-butadiene-styrene plants have delayed their turnaround schedule,
bringing some support to styrene in the short term, said a market source. Another market source reported that the June and July
laycans of the east China domestic mark rose slightly in morning trading on May
16, before dropping in the afternoon. The
source stated that "weakness on the styrene futures market has spread to
the spot market." Dalian Commodity
Exchange has announced that it will launch options for monoethylene glycol,
styrene monmer and other products on May 15. The exchange stated that the launch of the two...