Styrene Monomer (SM) prices gain in Asia
On Tuesday, despite bearish upstream energy values, SM prices marched higher in Asia.
The price rise was supported by limited supply and healthy buying sentiment across key Asian markets.
FOB Korea SM prices were assessed at USD 1330-1340/mt levels, up USD (+10/mt) from Monday’s assessed levels.
CFR China SM prices were assessed at USD 1290-1300/mt levels, a rise of USD (+10/mt) from the previous day.
Meanwhile, FOB Korea benzene feedstock prices were assessed at USD 1150-1160/mt levels, a day-on-day gain of USD (+10/mt).
