Styrene monomer (SM) prices decline in Asia
On Tuesday, SM prices were assessed lower in Asia.
Prices decreased amid weaker benzene feedstock values and subdued demand trends across key Asian markets.
FOB Korea SM prices were assessed at USD 1320-1330/mt levels, a fall of USD (-20/mt) from Monday’s assessed levels.
CFR China SM prices were assessed at USD 1270-1280/mt levels, a drop of USD (-20/mt) from the previous day.
Meanwhile, benzene feedstock FOB Korea prices were assessed at USD 1075-1085/mt levels, a day-on-day plunge of USD (-45/mt).
