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SM prices tumble in Asia on Tuesday

Petrochemical industry | 03 Mar 2021 08:30 IST | Polymerupdate.com

On Tuesday, SM prices drifted sharply lower in Asia. Prices tumbled on the back of bearish demand trends witnessed in major markets like China coupled with a drop in upstream benzene values.

FOB Korea SM prices were assessed down at the USD 1295-1300/mt levels, a day on day plunge of USD 60/mt.

CFR China SM prices were assessed lower at the USD 1315-1320/mt levels, a steep drop of USD 65/mt from Monday's assessed levels.

Upstream benzene prices on Tuesday were assessed at the USD 875-880/mt FOB Korea levels, a sharp day on day fall of USD 15/mt.
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