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SM prices bolster higher in Asia

Petrochemical industry | 04 Jul 2020 08:30 IST | Polymerupdate.com

This week, SM prices gained sharply in Asia. Prices firmed, on the back of a sharp week on week gain in upstream energy values, coupled with stronger regional demand trends.

FOB Korea SM prices were up at the USD 660/mt levels, a spike of USD 35/mt from last week. CFR China prices were higher at the USD 685/mt levels, a week on week increase of USD 20/mt.

CFR South East Asia, SM prices were at the USD 680/mt levels, a gain of USD 20/mt from the previous week. CFR India prices were at the USD 685/mt levels, a steep week on week rise of USD 50/mt.

Feedstock benzene prices on Friday were assessed stable, from the previous week, at the USD 420/mt FOB Korea levels.
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