Styrene Asia

摘要

Asian styrene monomer prices surged $74/mt week on weekFriday to $1,429.50/mt FOB Korea and $1,453.50/mt CFRChina. The day on day increase was $15/mt for bothbenchmarks. Prices were boosted by strong sentiment inChina, coupled with fast-rising energy prices. August ICEBrent crude futures rose $7.16/barrel week on week to$117.95/b at 4:30 pm Singapore time (0830 GMT). Upstreambenzene surged $45.50/mt day on day Friday to $1,124/mtFOB Korea, regaining some ground against SM. As as result,the SM-benzene spread narrowed $30.50/mt from Thursdayto close the week at $305.50/mt. But the profitability of SMproduction increased by $11.20/mt week on week to$59.80/mt Friday, based on current feedstock prices and anestimated conversion cost of $150/mt.