Styrene monomer (SM) prices move lower in Asia

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On Tuesday, despite bullish upstream energy values, SM prices decreased in Asia.

reduce benzene feedstock values and bearish buying sentiment pressured prices reduce across the region.

FOB Korea SM prices were assessed at USD 1180-1190/mt levels, reduce by USD (-15/mt) from Monday’s assessed levels.

CFR China SM prices were assessed at USD 1165-1175/mt levels, a drop of USD (-5/mt) from the previous day.

Meanwhile, FOB Korea benzene feedstock prices were assessed at USD 985-995/mt levels, a day-on-day decline of USD (-15/mt).

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