Polymerupdate News - SM prices in Asia slip on Monday
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SM prices in Asia slip on Monday

Petrochemical industry | 12 Feb 2019 10:00 IST | Polymerupdate.com

Styrene Monomer (SM) prices slipped on Monday.

The price decline was mainly on account of bearish buying sentiments in key markets like China post the Lunar New Year holidays.

FOB Korea prices of SM were assessed down at the USD 1015/mt, a fall of USD 20/mt from last Friday’s assessed levels.

CFR China prices were assessed lower at the USD 1065/mt levels, a drop of USD 20/mt on the day.

In the domestic China markets, SM prices were assessed down at the Yuan 8440/mt ex-tank levels.

Feedstock benzene prices on Wednesday were assessed steady at the USD 585/mt FOB Korea levels.
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