Styrene monomer (SM) prices witness a rise in Asia
Despite weaker upstream crude values, SM prices inched higher in Asia on Monday.
Prices rose due to firmer feedstock benzene values, coupled with bullish regional demand trends.
FOB Korea SM prices were assessed at USD 815-825/mt levels, a gain USD (+5/mt) from Friday’s assessed levels.
CFR China SM prices were assessed at USD 825-835/mt levels, a rise of USD (+5/mt) from Friday.
Meanwhile, feedstock benzene prices were assessed at USD 680-690/mt FOB Korea levels, up USD (+10/mt) from Friday.
