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SM price drift lower in Asia

Petrochemical industry | 24 Jan 2022 08:30 IST | Polymerupdate.com

Last week, SM prices fall sharply in Asia. Reports of bearish regional demand trends and weaker benzene values, pulled SM price lower across the Asian region.

On Friday, FOB Korea SM prices were assessed at the USD 1120-1130/mt levels, while CFR South East Asia prices were assessed at the USD 1150-1160/mt levels, both week on week tumble of USD (-50/mt).

CFR India SM prices were assessed at the USD 1160-1170/mt levels, while CFR China SM prices were assessed at the USD 1140-1150/mt levels, both plunge USD (-45/mt) from the previous week.

Upstream benzene prices on Friday assessed at the USD 975-985/mt FOB Korea levels, down USD (-25/mt) from the previous week.
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