Styrene monomer (SM) prices drop in Asia

SM prices quoted lower in Asia on Thursday.

An industry source in Asia informed a Polymerupdate team member, "SM prices were assessed lower in line with weaker upstream benzene values coupled with bearish market sentiments in the Asian regions.”

On Thursday, FOB Korea SM prices were assessed at the USD 860-870/mt levels, a drop of USD (-10/mt) Wednesday’s assessed levels.

CFR China SM prices on Thursday were assessed at the USD 870-880/mt levels, down USD (-10/mt) from Wednesday.

Meanwhile, upstream benzene prices on Thursday were assessed at the USD 715-725/mt FOB Korea levels, a fall of USD (-5) from Wednesday.