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SM prices witness a rise in Asia on Monday

Petrochemical industry | 07 Apr 2020 08:30 IST | Polymerupdate.com

Styrene monomer (SM) prices climbed higher in Asia on Monday.

The price rise was prompted by a sharp gain in upstream benzene values and improved buying inquiries in the region.

FOB Korea SM prices were assessed up at the USD 555/mt levels, a gain of USD 15/mt from last Friday’s assessed levels. CFR China SM prices were assessed lower at the USD 580/mt levels, a rise of USD 5/mt on the day.

Upstream benzene prices on Monday were assessed at the USD 285/mt FOB Korea levels, a sharp increase of USD 20/mt from last Friday.
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