Still a Buyer's Market

摘要

Nonetheless, October styrene monomer contracts settled lower at 52.75<¿/!b - 32e. below a year ago. Nominations for November contracts are 3c to 5c higher. Spot prices are holding at around 44c/ Ib. Nova said it would temporarily shut down its 1-billion-lb/yr styrene plant in Texas City "until margin levels improve" - which it hoped would come in the first quarter of 2010. Meanwhile, America's Sty renies plans to shutter 170 million/lb of PS capacity by year's end.