SINGAPORE (ICIS)--Asia's benzene market trended upwards on account of crude gains as well some pre-Lunar New Year restocking. Downstream SM producers however, struggled with higher costs and low demand from PS, EPS and ABS.
In this chemical podcast, ICIS editors Angeline Soh and Luffy Wu discuss recent market conditions with an outlook ahead in Asia.
- Benzene Feb cargo sold out from pre-LNY stocking up, US demand as plants shut from winter storm
- Demand for March cargoes buoyed; buyers beyond Asia worried about tightened supply with upcoming derivative additions in China
- Asian styrene market players struggling with high costs but low demand
- Regional styrene exporters eyeing long-haul opportunities to Europe
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