Styrene Monomer Weekly Report 26 May 2018 25 May 18, 06:15 pm

Styrene Monomer Weekly Report 26 May 2018

Weekly Price Trend: 21-05-2018 to 25-05-2018

If we take a quick look at the above given weekly prices, it can be observed that for the current week prices of Styrene Monomer have fluctuated at Kandla port while at Mumbai port prices have plunged and at the end of the week prices were assessed Rs.98/Kg for bulk quantity at Kandla and Rs 99/kg for Mumbai ports of India.

Booking Price

INDIA& INTERNATIONAL

The domestic prices of Styrene were assessed at the level of Rs.98/Kg for ex Kandla and Rs 99/kg Mumbai ports.
CIF India prices were assessed at the level of USD 1380/MT.
This week SM prices have increased as oil prices also have escalated while feedstock benzene prices also have decreased.
As per report, China’s Sinopec Yanshan SM unit fails to restart.
GPPC based in Taiwan is planning to resume its SM plant on28 May.
This week oil prices have followed volatile trend. On Thursday, prices plunged, by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude inventories raised doubt over seasonal demand.
On Thursday, closing crude values have decreased. WTI on NYME closed at $70.71/bbl; prices have decreased by $1.13/bbl in compared to last closing prices. While Brent on Inter
Continental Exchange decreased by $1.01/bbl in compared to last trading and was assessed around $78.79/bbl.
This week benzene prices have decreased.
FOB Korea and CFR China prices of Benzene were evaluated at USD 860/mt and USD 865/mt respectively.