Styrene monomer (SM) prices march higher in Asia
On Wednesday, SM prices climbed amid a healthy purchasing pulse across key Asian markets.
Higher upstream energy prices and stronger benzene feedstock values also supported the price gain.
FOB Korea SM prices were assessed at USD 925-935/mt levels, up USD (+15/mt) from Tuesday’s assessed levels.
CFR China SM prices were assessed at USD 935-945/mt levels, an increase of USD (+15/mt) from the previous day.
Meanwhile, benzene feedstock prices were assessed at USD 730-740/mt FOB Korea levels, a day-on-day rise of USD (+10/mt).
