Weak demand, depreciated INR pose difficulty in Indian traders deciding Styrene import volumes

Sep 06: Prevalence of weak demand conditions has put traders in the Mumbai market in a difficult state in deciding their Styrene import volumes. Demand for Styrene in that market has weakened considerably as the price for the chemical went significantly up, primarily due to the weakening INR, rendering imports costlier. As a matter of fact, India is devoid of any Styrene plant, as such, the entire demand for the chemical in the country has to be catered to through imports. 
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