According to reports, due to tight global supply of styrene monomer and European market prices close to record highs, the price of styrene monomer in Asia rose sharply on Wednesday, soaring to its highest point in more than a year. Platts evaluated that the price of styrene monomer in Asia rose by US$43/tonne on Wednesday, about 2.9% to US$1,519.50/ton on FOB Korea and US$1,543.50/ton on CFR China. This is the highest price since August 4, 2011, when the two places closed at 1,546.50 USD/ton FOB Korea and 1,572.50 USD/ton CFR China respectively. Due to the continuous decline in the level of inventory in eastern China, the Asian spot supply has become increasingly tense. It is said that on Wednesday, the inventory was 52,900 tons, which was a decrease of 5,800 tons compared with September 7, which was the lowest level since August 19, 2011, when it was 52,500 tons. In addition, Japan is usually the main supplier of styrene monomer in China. Due to the suspension of overhaul of multiple styrene monomer units in Japan in October and October, it also reduced exports to China. Coupled with the supply of Europe and the United States is also very tight. Plastic Extruder,PVC Four Pipe Line,Four Pipe Production Line Deke Plastics Machinery Co., Ltd. , http://www.china-plastic-granulator.com