Pharma Industry
Industry: Email Alert RSS FeedUps and downs in the markets.(chemical industry)(Statistical Data Included)
Chemical Market Reporter, April, 2001 by Walker, Marjorie
Falling demand for derivatives should help balance the US market Styrene A tight market coupled with strong demand and high ethylene and benzene costs, and Asian imports, pushed prices up to 42 cent/lb early in 2000. The market was further tightened by turnarounds at Cosmar's 227 000 tonne/year unit in Carville, Louisiana, in February and at Dow's 177 000 tonne/year and 467 000 tonne/year units at Freeport and at Pemex's 150 000 tonne/year plant in La Cangrejera, Mexico.
Contract numbers also climbed in March on the back of these shutdowns and settled even higher at 42-45 cent/lb in May. The market was described as finely balanced by mid-year allowing contracts to rollover from May into June at 42.5-45.5 cent/lb. However, weak...
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