Styrene monomer (SM) prices march higher in Asia
On Tuesday, despite weaker upstream energy rates, SM prices were assessed higher across Asia.
Higher benzene feedstock prices, improved market supply, and firm market sentiment collectively supported the increase in SM prices.
FOB Korea SM prices were assessed at USD 1110-1120/mt levels, sharply up USD (+30/mt) from Monday’s assessed levels.
CFR China SM prices were assessed at USD 1110-1120/mt levels, an increase of USD (+15/mt) from the previous day.
Meanwhile, FOB Korea benzene feedstock prices were assessed at USD 930-940/mt levels, a day-on-day gain of USD (+15/mt).
