SM prices march higher in Europe & Asia

Written by itp on 15 June 2017.

SM on 14^th June 2017:	PS on 14^th June 2017:
FOB Rotterdam at USD1,135	CFR China at USD1,300/MT
CFR SEA at USD1,165	CFR SEA at USD1,250/MT

Styrene Monomer (SM) prices galloped higher in Asia after few weeks of struggling, a steep rise of USD 115/mt from the previous month.

The price increase was backed by strong buying activity in the region together with higher benzene values. Furthermore, constrained regional product availability has pushed SM prices higher.

SM on 14^th May 2017:	PS on 14^th May 2017:
FOB Rotterdam at USD1,020/MT	CFR China at USD1,200/MT
CFR SEA at USD1,050/MT	CFR SEA at USD1,170/MT

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