Styrene monomer (SM) prices plunge in Asia
On Tuesday, Asian SM prices fell amid weaker upstream crude rates.
Prices further declined on softer feedstock benzene values and sluggish buying activity in major regional markets.
FOB Korea SM prices were assessed at USD 1405-1415/mt levels, a sharp decline of USD (-65/mt) from Monday.
CFR China SM prices were assessed at USD 1345-1355/mt levels, sharply down by USD (-65/mt) from the previous day.
Meanwhile, FOB Korea benzene prices were assessed at USD 1120-1130/mt levels, a day-on-day plunge of USD (-50/mt).
