Indian Styrene Monomer: Market holds firm on higher costs, pre-festive demand / Indian styrene prices rise on benzene costs / Festive demand supports firm market sentiment / Domestic styrene trade at 163 rupees/kg

Oct 17, 2026

The Indian styrene monomer market remained firm during the week ended Oct. 16, supported by elevated domestic prices, higher replacement costs, and continued buying interest from downstream sectors. the weekly styrene monomer CFR India marker at $1,525.50/mt on Oct. 16, down $64.50/mt from the previous assessment, and below the lowest selling indication heard at $1,580/mt CFR India. The premium to CFR China increased by $3/mt week over week to $165/mt on Oct. 16. In the domestic market, ex-tank offer levels at key ports were heard at 161-163 Indian rupees/kg, up 3 rupees/kg from the previous week, with a trade reported at 163 rupees/kg. “The increase in benzene prices has had a significant impact on styrene values, providing strong cost support to the market,” said an Indian-based importer. “Demand is expected...

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