Asian Styrene Monomer Prices Steady

Asian Styrene Monomer: Prices steady amid ongoing holiday lull / Crude strengthens as US- Iran tensions persist, US stocks fall / Indian import demand likely softer in March: producer

Jun 03, 2026

Asian Styrene Monomer CFR China and FOB Korea at $944/metric ton and $949/mt, respectively, on Feb. 20, stable day over day, amid thin trading as market participants were away for the Lunar New Year holidays. In crude, the front-month ICE April Brent futures rose 59 cents/b day over day to $71.63/b at the Feb. 20 Asian close. Crude oil futures were higher in Asian afternoon trading Feb. 20 as US-Iran tensions persisted and US inventories fell. Iran has conducted military drills in the Strait of Hormuz, and the US has sent a large number of aircraft and warships to the Middle East, according to media reports, while also imposing tariffs on Iranian trade. “Indian market [has fallen] off a bit,” an India-based trade source said. The outlook for India’s import...

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