Styrene Monomer India: Supply Shortages

India Styrene Monomer: CFR India falls tracking China market / Market expects supply shortages, higher domestic prices / Premium to CFR China rises to $20/mt

Jun 07, 2026

The Indian styrene monomer market turned bullish in the week ending Oct. 10 amid fresh US sanctions on Indian entities trading in Iranian petrochemical products. the weekly styrene monomer CFR India marker down $3/mt from the last assessment at $856/mt on Oct. 10. The premium to CFR China rose $5/mt week over week to $20/ mt on Oct. 10, under offers at CFR China plus $25-$30/mt from sellers, and above corroborated buying ideas at CFR China flat from buyers. India’s petrochemical market was in flux after the US government announced its second list of fresh sanctions against nine Indian entities trading Iranian petroleum products. “We think distribution business will change, contracts will be stopped or canceled, creating losses,” said a Middle Eastbased seller. “Existing contracts for styrene will also be...

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