Styrene monomer (SM) prices trend lower in Asia
On Tuesday, SM prices dropped in Asia.
An industry source in Asia informed a Polymerupdate team member, "SM prices were evaluated lower due to declining upstream benzene prices combined with pessimistic market sentiments in the Asian markets.”
On Tuesday, FOB Korea SM prices were assessed at the USD 830-840/mt levels, a fall of USD (-10/mt) from Monday.
CFR China SM prices were assessed at the USD 840-850/mt levels, down USD (-10/mt) from Monday’s assessed levels.
Meanwhile, upstream benzene prices on Tuesday were assessed at the USD 695-705/mt FOB Korea levels, a drop of USD (-5/mt).
