Resin Prices Head South

摘要

Styrene monomer prices also dropped. with the March contract price down 5¢ to a range of 67.5¢ to 71¢/lb. Rising feedstock costs had driven suppliers to propose a monomer hike of 3-4¢/lb for the April contract. However, feedstock prices then subsided. Spot monomer prices in April stood at 58¢ to 60¢/lb. Monomer demand began to shrink in late April in anticipation of lower prices.