There has been continuous rise in SM prices in Asian market. FOB Korea values has increased by USD 60/MT in one week.
Rise has been in particular due to limited supply and rise in demand in South Asian nations.
China’s domestic styrene monomer (SM) prices surged in October on a combination of low supply, robust demand and strong gains in the futures market.
Experts believe that this condition is likely to prevail in November as well and the supply is likely to remain grim.
SM ex-tank average prices in east China closed at yuan (CNY) 6,890-7,150/tonne, up by 30% from the late September, according to ICIS data.
