Styrene monomer (SM) prices edge higher in parts of Asia
On Tuesday, SM prices rose in Korea, while remaining stable in China.
SM FOB Korea prices were assessed at USD 955-965/mt levels, up USD (+5/mt) from Monday’s assessed levels. Prices moved higher amid higher feedstock benzene values and improved regional demand trends.
SM prices were assessed at USD 950-960/mt CFR China levels, steady from the previous day. Subdued buying activity kept prices stable in the region.
Meanwhile, benzene feedstock prices were assessed at USD 760-770/mt FOB Korea levels, a day-on-day gain of USD (+5/mt).
