Declining Styrene Monomer prices in Asia fail to affect producer margins

Styrene Monomer prices that continue to fall in Asia have not eroded producer profit margins. This is due to similar rate of deterioration in oil and feedstock benzene prices. With price gap between SM and naphtha pegged at about US$530/MT and between SM and benzene at about US$315/MT, a condition of ideal price gaps has come into force for SM producers.
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