Styrene monomer (SM) prices drift lower in Asia

SM prices decreased in Asia on Wednesday.

An industry source in Asia informed a Polymerupdate team member, “SM prices declined due to weaker upstream benzene values and sluggish market sentiment across Asia, while crude oil remained slightly bearish amid cautious trading.”

On Wednesday, FOB Korea SM prices were assessed at the USD 900-910/mt levels, down USD (-10/mt) from Tuesday’s assessed levels.

CFR China SM prices on Wednesday were assessed at the USD 910-920/mt levels, a day on day fall of USD (-10/mt).

Meanwhile, upstream benzene prices on Wednesday were assessed at the USD 725-735/mt FOB Korea levels, a drop of USD (-5/mt) from Tuesday.