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SM prices edge higher in Asia

Petrochemical industry | 09 Aug 2022 08:30 IST | Polymerupdate.com

SM prices were assessed higher in Asia, on Monday.

An industry source in Asia informed a Polymerupdate team member, “Prices gained on the back of improved buying sentiments coupled with stronger energy values.”

On Monday, FOB Korea SM prices were assessed at the USD 1105-1115/mt levels, a gain of USD (+5/mt) from last Friday assessed levels.

CFR China SM prices on Monday were assessed at the USD 1075-1085/mt levels, a rise of USD (+5/mt) from last Friday.

Meanwhile, upstream benzene prices on Monday were assessed at the USD 955-965/mt FOB Korea levels, a decline of USD (-5/mt) from last Friday.

In plant news, Tianjin Bohua is likely to restart its styrene plant in early August, 2022. It was shut for a brief maintenance in end July, 2022. Located at Tianjin, China, the plant has a production capacity of 450,000 mt/year.
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