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SM prices in Asia edge lower on Monday

On 06 February 2018 at 09:00 IST

Spot styrene monomer (SM) prices inched lower on Monday.

The price fall was mainly on account of weaker buying trends in key markets like China ahead of the Lunar New Year holidays coupled with a drop in upstream benzene values.

FOB Korea prices of SM were assessed down at the USD 1415/mt, a fall of USD 5/mt from last Friday’s assessed levels. CFR China prices were assessed at the USD 1445/mt levels, a drop of USD 5/mt on the day.

In the domestic China markets, SM prices were assessed lower at the Yuan 10750/mt ex-tank levels.
In China, Sinopec reduced its SM prices by Yuan 50/mt to the Yuan 10800/mt ex works levels.

Feedstock benzene prices on Monday were assessed down at the USD 925/mt FOB Korea levels, a decline of USD 10/mt from last Friday.

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