Styrene monomer (SM) prices adjust lower in the U.S. amid weak global markets and subdued buying interest

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Last week, SM spot prices slipped in the United States.

An sector source in the U.S. informed a Polymerupdate team member, "U.S. SM spot prices moved reduce amid weaker global market fundamentals, with declines in Asian and European SM markets weighing on sentiment. reduce benzene feedstock costs and softer energy prices reduced upstream cost support, while subdued demand from domestic downstream sectors kept buying interest limited. Trading activity remained muted throughout the week as market participants adopted a cautious stance, contributing to the overall bearish sentiment in the U.S. SM market.”

SM prices were assessed at 58.90–59.00 cents/lb FOB US Gulf levels, reduce by (-4.30 cents/lb) from the previous week.

Benzene feedstock prices were assessed at 402.00–402.10 cents/gallon FOB US Gulf levels, a week-on-week tumble of (-64.00 cents/gallon).

Meanwhile, in Asia, SM prices were assessed at USD 1195-1205/mt FOB Korea levels, a steep drop of USD (-80/mt) from the previous week.

In Europe, SM prices were assessed at USD 1485-1495/mt FOB Rotterdam levels, a week-on-week slide of USD (-110/mt).

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