Styrene monomer (SM) prices decline in Asia amid bearish crude and feedstock values
On Tuesday, SM prices in Asia drifted lower due to weaker crude and benzene feedstock values, combined with subdued market momentum across the region
FOB Korea SM prices were assessed at USD 1410-1420/mt levels, down USD (-20/mt) from Monday’s assessed levels.
CFR China SM prices were assessed at USD 1375-1385/mt levels, a decline of USD (-20/mt) from the previous day.
Meanwhile, feedstock FOB Korea benzene prices were assessed at USD 1130-1140/mt levels, a day-on-day drop of USD (-20/mt).
