Styrene monomer (SM) prices decline in Asia
On Tuesday, despite stronger upstream energy rates, SM prices trended downward in Asia.
Prices fell due to weak demand and cautious buying sentiment in key Asian markets.
FOB Korea SM prices were assessed at USD 1285-1295/mt levels, down USD (-15/mt) from Monday’s assessed levels.
CFR China SM prices were assessed at USD 1260-1270/mt levels, a drop of USD (-15/mt) from the previous day.
Meanwhile, FOB Korea benzene feedstock prices were assessed at USD 1070-1080/mt levels, a day-on-day gain of USD (+5/mt).
