Styrene prices increased on tight supply and lower imports. Currently domestic styrene prices were assessed at the level of Rs 111/kg for imported tanker load and Rs 119/kg for imported repack in Mumbai. On account of volatility in supply of the material, traders were forced to revise SM prices upwards. As per source, the strong dependency on imports due to the limited domestic production, global market prices, and currency fluctuations are the major constraints for the Indian styrene market
