Styrene monomer (SM) prices witness a fall in South East Asia

Last week, Styrene monomer prices declined in Southeast Asia while quoting flat in other parts of the Asian region.

An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “Market activity remained slow throughout the week as most buyers were away on national holidays. Bearish benzene feedstock values also supported the price downtrend.”

On Friday, CFR South East Asia SM prices were assessed at the USD 1080-1090/mt levels, a drop of USD (-10/mt) from last week.

Meanwhile, CFR Japan SM prices were assessed at the USD 1060-1070/mt levels while CFR China SM prices were assessed at the USD 1060-1070/mt levels, both unchanged week on week.

FOB Korea SM prices were assessed flat at the USD 1060-1070/mt levels.

CFR India SM prices were assessed at the USD 1100-1110/mt levels while CFR Taiwan SM prices were assessed at the USD 1090-1100/mt levels, both steady from the previous week.

Benzene feedstock prices on Friday were assessed at the USD 900-910/mt FOB Korea levels, a week on week decrease of USD (-10/mt).