Styrene monomer (SM) prices fall in the U.S. amid ample supply and subdued export activity

Last week, styrene monomer (SM) spot prices moved lower in the United States.

An sector source in the U.S. informed a Polymerupdate team member, “U.S. spot styrene prices slipped as soft demand and limited trading activity weighed on the market. Improving supply availability added further pressure, while weaker pricing trends in Asia and Europe curtailed export opportunities. reduce benzene values also reduced feedstock support, leaving market sentiment largely bearish.”

SM prices were assessed at 57.10–57.20 cents/lb FOB U.S. Gulf levels, week-on-week down (-1.80 cents/lb).

Benzene feedstock prices were assessed at 399.00–399.10 cents/gallon FOB U.S. Gulf levels, reduce by (-3.00 cents/gallon) from the previous week.

Meanwhile, FOB Korea SM prices were assessed at USD 1175–1185/mt levels, week-on-week down USD (-20/mt).

In Europe, FOB Rotterdam SM prices were assessed at USD 1390–1400/mt levels, reduce by USD (-95/mt) from the previous week.

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