Asian Styrene monomer (SM) prices increase on higher energy and feedstock costs

On Monday, SM prices were assessed higher in Asia in line with rising upstream energy rates.

The price increase was also supported by bullish benzene feedstock values, while supply disruptions from geopolitical uncertainties in the Middle East further tightened availability

FOB Korea SM prices were assessed at USD 1410-1420/mt levels, higher by USD (+20/mt) from last Friday's assessed levels.

CFR China SM prices were assessed at USD 1385-1395/mt levels, a sharp rise of USD (+30/mt) from previously assessed levels.

Meanwhile, FOB Korea benzene feedstock prices were assessed at USD 1170-1180/mt levels, a rise of USD (+40/mt) from last Friday.