|
(ICIS) -- Some 70,000-80,000 tonnes of US
styrene monomer (SM) will flow into China through
February, raising concerns of a strong inventory build-up as demand for the
product is expected to remain weak, industry sources said on Tuesday.
A portion of the expected volume had started flowing into China this
month, as loading of shipments from the US Gulf began in October and would
continue up to end-December 2010, they said.
In the week ending 17 December, SM inventory in east China stood at
75,000 tonnes, representing a 15.4% increase from two weeks ago, market sources
said.
The volume of deep-sea cargoes scheduled for shipment to China in the
fourth quarter was about 10,000 tonnes higher compared with the import shipments
in the same period in 2009, based on customs data.
The US supply coming into China were priced at between $1,250-1,325/tonne
(?950-1,007/tonne) CFR (cost & freight) China, said a seller.
Meanwhile, buying indications in east China had been limited over the
past two weeks, which could prompt traders to just hold on to their SM stocks,
the seller added.
mrcplast.com
|
|
