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SM price sink in Asian market

This week Styrene Monomer (SM) prices have declined in Asian market on the back of bearish buying activity from downstream sectors and plunge in the energy values. Furthermore feedstock Benzene price also went down this week.

On 18th Sep, FOB Korea price of SM were evaluated in the range of USD 890-910/mt prices have reduced by around USD 30/mt and CFR China were assessed at the level of USD 935/mt turned down by USD 20/mt in compares to previous week.