Prices styrene rose USD30 tonne China last week - Arhive

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The prices of styrene rose by USD30 per tonne in China last week   Prices styrene rose USD30 tonne China last week

Prices styrene rose USD30 tonne China last weekMOSCOW – Prices of imported styrene in China rose at the end of last week by USD30 per tonne against the background of growing consumer interest, ICIS reports.

The price proposals for July 6 for August deliveries were USD1380 per tonne, CFR China, while the prices for July were USD1410 per tonne, CFR China, which is USD30 per ton higher than the previous day.

Demand increased as soon as signs of an uptrend appeared. In addition, the margin in the polystyrene sector has also increased. As a result, a larger number of end users searched for additional spot volumes.

It was previously reported that the stocks of styrene monomer in the eastern region of China increased by 6.3% last week compared to last week, thus showing an upward trend for the fourth week in a row after falling to the lowest level since 2010 in early June . The total reserves of the material in the region were at the level of 62.4 thousand tons, which is 3.7 thousand tons higher than the level of the week ago.Prices styrene rose USD30 tonne China last week    Prices styrene rose USD30 tonne China last week  

Styrene is the main raw material component for the production of polystyrene (PS).

According to the ScanMap of the company MRC, the total operating time of the PS at the capacities of Russian plants in May was 42.58 thousand tons.

Compared with May of last year, production of PS and styrene plastics in Russia decreased by 5%. Over the period January-May, the production of substations in Russia amounted to 216.42 thousand tons, which corresponds to the amount of operating time last year.

Prices styrene rose USD30 tonne China last week  Prices styrene rose USD30 tonne China last week  

mrcplast.ru

Author:                Anna Larionova

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