There has been significant lowering in the values of SM on Monday. Values have reached to its three months low range on Monday. Market sentiments were lowered significantly on back of lowering of crude values where Brent has crosses the barrier of $60/bbl and reached the level of $56.54/bbl. FOB Korea values for SM were assessed in the range of USD 1190-1210/MTS lowered by USD 50/MTS compared to Monday closing prices.
In plant news Idemitsu Kosan restarted its SM plant based in Malaysia last week. The unit has the production capacity of 2,40,000 mt/year.
