Source: ChemOrbis Price Wizard
A converter in China reported that PS prices are up by $20-30/ton. “We are covered for now since we purchased enough material for a month right after holidays. We are still cautious about the market outlook considering that the Chinese economy is still not stable. This may limit the upward momentum even if spot styrene costs continue to soar. Nonetheless, some styrene units will be down starting from March which may lend extra support to the styrene market,” opined the buyer.