Styrene monomer (SM) prices decline in Asia
Styrene monomer (SM) prices were assessed lower in Asia on Thursday.
The price fall was driven by weaker upstream crude and benzene values, along with sluggish buying sentiment across key Asian markets.
SM prices were assessed at USD 980-990/mt at FOB Korea levels, down by USD (-10/mt) from Wednesday’s assessed levels.
SM CFR China prices were assessed at USD 975-985/mt levels, lower by USD (-15/mt) from the previous day.
Meanwhile, benzene feedstock prices were assessed at USD 770-780/mt FOB Korea levels, a day-on-day fall of USD (-5/mt).
