Chemical Updates

India Styrene Monomer: CFR India rises on higher offers, demand / FOB Korea benzene at $1,006.33/mt / Domestic styrene offers at Rupees 142-145/kg / CFR China styrene at $1,171/mt

Jul 25, 2026

The Indian styrene monomer market rose in the week to July 24, tracking upstream crude and higher offers. the weekly styrene monomer CFR India marker up $93.50/metric ton from the last assessment at $1,286/ mt July 24. The premium to CFR China was up $40/mt week over week at $115/mt July 24. There were active spot discussions this week amid renewed Middle East hostilities and sellers cited higher offers for Chinaorigin material. Offers were heard at about $1,310-$1,365/mt CFR India. “Offers have increased this week, and we are offering around $1,360/mt CFR India levels,” said a China-based trader. “There is good buying demand from India.” “Offer levels are going back to previous highs amid rising demand and crude,” said a Southeast Asia-based sell-side source. “Demand is very good at present...

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