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SM prices continue to quote lower in Asia on Tuesday

Petrochemical industry | 07 Feb 2018 09:00 IST | Polymerupdate.com

SM prices in Asia drifted lower on Tuesday. Bearish upstream crude and a sharp fall in benzene feedstock rates together supported the price drop across the Asian region.

Weaker buying sentiments in major markets like China further pulled prices lower.

FOB Korea prices of SM were assessed lower at the USD 1390/mt levels, a sharp decline of USD 25/mt from Monday’s assessed levels. CFR China prices were assessed down at the USD 1420/mt levels, a drop of USD 25/mt on the day.

In the domestic markets of China, SM prices were assessed lower at the Yuan 10620/mt ex-tank levels.

Feedstock benzene prices on Wednesday were assessed down at the USD 905/mt FOB Korea levels, a day on day tumble of USD 20/mt.
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