US styrene market players conflicted over their trading positions for the rest of Q4 due to poor overseas global demand, high feedstock benzene values
December 6, 2012 (ICIS Chemical Business (CBNB Abstracts)) – US styrene market players are conflicted over their trading positions for the rest of 4Q 2012 due to poor overseas global demand and high feedstock benzene values. Benzene demand from the styrene sector had been lower than anticipated in 4Q 2012. Overseas styrene demand has also been held for the most part in Europe in 4Q 2012. The recent tightness in benzene has led some traders to expect spot prices to remain elevated to the end of 2012. A line graph presents US styrene prices in Nov 2011-Nov 2012. Original Source: ICIS Chemical Business, http://www.icis.com/, Copyright Reed Business Information Limited 2012.