With strengthening of crude values in international market, there has been continual surging of SM prices. Feedstock values of Benzene have also hooked up to higher range.
FOB Korea prices for Styrene was assessed around USD 1350, a sharp increase of USD60/MTS in last two days. Although end users are facing slowdown in prices, but still SM valued continue to march higher. Many believe that this rise will see a correction in near future as many plants are likely restart after maintenance turnaround within one month.
Upstream Benzene values were assessed around USD805/MTS, an increase of USD 30/MTS from Monday closing prices.
