Styrene monomer (SM) prices fall in Asia amid lower feedstock values
On Tuesday, SM prices in Asia decreased sharply due to bearish benzene feedstock values and subdued market momentum across the region.
FOB Korea SM prices were assessed at USD 1355-1365/mt levels, a steep fall of USD (-95/mt) from Monday’s assessed levels.
CFR China SM prices were assessed as steady at USD 1325-1335/mt levels, a plunge of USD (-95/mt) from the previous day.
Meanwhile, feedstock FOB Korea benzene prices were assessed at USD 1060-1070/mt levels, a sharp day-on-day slide of USD (-70/mt).
