Styrene monomer (SM) prices drift lower in Asia
On Wednesday, SM prices in Asia fell due to weaker upstream crude values and lower feedstock benzene rates.
Bearish market conditions in the Asian region also contributed significantly to the price decline.
FOB Korea SM prices were assessed at USD 1275-1285/mt levels, down USD (-10/mt) from Tuesday’s assessed levels.
CFR China SM prices were assessed at USD 1250-1260/mt levels, a fall of USD (-10/mt) from the previous day.
Meanwhile, benzene feedstock prices were assessed at USD 1065-1075/mt FOB Korea levels, a day-on-day fall of USD (-5/mt).
