Styrene monomer (SM) prices climb in Asia
On Wednesday, SM prices marched higher amid healthy purchasing activity across key Asian markets.
Higher upstream energy prices and stronger benzene feedstock values also supported the price gains.
FOB Korea SM prices were assessed at USD 995-1005/mt levels, up USD (+15/mt) from Tuesday’s assessed levels.
CFR China SM prices were assessed at USD 995-1005/mt levels, an increase of USD (+15/mt) from the previous day.
Meanwhile, benzene feedstock prices were assessed at USD 755-765/mt FOB Korea levels, a day-on-day rise of USD (+10/mt).
