Styrene monomer (SM) prices decline in Asia
Despite bullish upstream crude values, SM prices were assessed lower in Asia on Monday.
Prices trended lower, reflecting the drop in benzene feedstock prices, coupled with dull regional demand trends.
FOB Korea SM prices were assessed at USD 950-960/mt levels, down USD (-20/mt) from Friday’s assessed levels.
CFR China SM prices were assessed at USD 950-960/mt levels, a fall of USD (-20/mt) from previously assessed levels.
Meanwhile, benzene feedstock prices were assessed at USD 755-765/mt FOB Korea levels, lower by USD (-5/mt) from Friday.
