Polymerupdate News - SM prices plunge in Asia
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SM prices plunge in Asia

Petrochemical industry | 05 Nov 2018 09:40 IST | Polymerupdate.com

Last week, SM prices nosedived in Asia. The price fall was a result of a combination of bearish triggers including bearish upstream energy rates, a tumble in benzene and ethylene feedstock prices coupled with sluggish derivative product demand and pricing trends.

On Friday, prices of SM were assessed at the USD 1120/mt FOB Korea levels, a week on week plunge of USD 50/mt. CFR China prices were assessed at the USD 1160/mt levels, a tumble of USD 50/mt from the previous week.

CFR South East Asia prices of SM were assessed at the USD 1160/mt levels, a steep fall of USD 55/mt on the week. CFR India prices were assessed at the USD 1170/mt levels, a week on week plunge of USD 50/mt.

Feedstock benzene prices on Friday were assessed lower at the USD 725/mt FOB Korea levels, a sharp drop of USD 25/mt on the week.

Upstream ethylene prices on Friday were at the USD 920/MT CFR North East Asia levels, a plunge of USD 90/mt from the previous week.
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