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SM prices in Asia journey south

Petrochemical industry | 06 Mar 2018 09:00 IST | Polymerupdate.com

SM prices in Asia drifted lower on Monday. Reports of dull demand trends in key markets like China pressured spot SM prices in Asia lower.

Weaker upstream benzene values further supported the price fall.

FOB Korea prices of SM were assessed down at the USD 1395/mt levels, a drop of USD 5/mt from last Friday’s assessed levels. CFR China prices were assessed lower at the USD 1415/mt levels, a fall of USD 15/mt from last Friday.

In the domestic markets of China, SM prices were assessed down at the Yuan 10700/mt ex-tank levels.

Feedstock benzene prices on Monday were assessed lower at the USD 870/mt FOB Korea levels, a decline of USD 5/mt from last Friday.
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