Styrene monomer (SM) prices witness a fall in Asia
Despite higher upstream crude values, SM prices inched lower in Asia on Monday.
Prices fell due to ample inventories, coupled with bearish demand trends in key Asian markets.
FOB Korea SM prices were assessed at USD 805-815/mt levels, down USD (-5/mt) from Friday’s assessed levels.
CFR China SM prices were assessed at USD 815-825/mt levels, a fall of USD (-5/mt) from Friday.
Meanwhile, feedstock benzene prices were assessed at USD 655-665/mt FOB Korea levels, up USD (+5/mt) from Friday.
