Product Focus: Styrene

Prices U.S.: 80 cts-82 cts/lb fob, spot; 80 cts/lb, fob. July contracts EUROPE: $1,620-$1,630/m.t., fob NWE, spot; €1,260-€1,280/m.t., del August contracts Outlook The global styrene market is headed for a period of significant oversupply as 2.5-million m.t./year of styrene from low-cost Mideast producers hits the market by 2013, CMAI (Houston) says. Concurrently, global styrene demand growth is forecast to slow from an average of 3.1%/year for 2002-07, to 2.2%/year for 2007-12 due to slowing economic growth, CMAI says. Styrene derivative plants are...

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