Styrene monomer (SM) prices fall sharply in Asia
On Monday, SM prices experienced a sharp drop in Asia.
Prices trended lower, in line with declines in upstream energy and feedstock benzene prices.
FOB Korea SM prices were assessed at USD 950-960/mt levels, a steep decline of USD (-30/mt) from Friday’s assessed levels.
CFR China SM prices were assessed at USD 945-955/mt levels, a sharp fall of USD (-35/mt) from previously assessed levels.
Meanwhile, benzene feedstock prices were assessed at USD 745-755/mt FOB Korea levels, down by USD (-25/mt) from Friday.
