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Styrene market opening dynamic in Jiangsu and North China this morning

August 03, 2010

Jiangsu Market: With the strong trends of crude oil and outside disk, styrene (CAS NO.100-42-5) market in Jiangsu opened. Some merchants entertained to be wait-and-see tentatively, businessmen mentality was better, and the speculation atmosphere was enhanced. The current shipping intention was more less than 9050 yuan / t, it was reported local offered between 9300 - 9500 yuan / ton, the buying order was more wait-and-see, and no one cared high price.

North China Market: East China factory was firmly up, which supported styrene in North China continuing to rose. Business offered at 9000 yuan / ton delivered to a nearby Tianjin Tang, scattered was slightly higher, some merchants temporarily entertained, and buying order was temporarily wait-and-see.

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