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SAN NEWS

Styrene Monomer (SM) prices gain $10 in Asia

29 Mar 2023 08:30 IST
On Tuesday, SM prices were assessed higher in Asia.

An industry source in Asia informed a Polymerupdate team member, β€œPrices rose on the back of strong buying trends in the region.”

The source added, β€œGains in upstream benzene prices further supported the price rise.”

FOB Korea SM prices on Tuesday were assessed at the USD 1080-1090/mt levels, a rise of USD (+10/mt) from Monday's assessed levels.

CFR China SM prices on Tuesday were assessed at the USD 1085-1095/mt levels, a day on day gain of USD (+10/mt).

Meanwhile, upstream benzene prices on Tuesday were assessed at the USD 950-960/mt FOB Korea levels, an increase of USD (+15/mt) from Monday.