Asian Styrene Monomer: Prices fall on potential supply easing / Backwardation structure weakens to $50/mt / Prefchem restarts cracker on Oct. 29

Oct 29, 2026

Styrene monomer FOB Korea and CFR China at $1,477/mt and $1,417/mt on Oct. 28, down $4/mt day over day, tracking the movement in the domestic China market. The November EB2611 SM futures contract listed on the Dalian Commodity Exchange lost 49 yuan/mt at 10,783 yuan/mt Oct. 28, at 3:00 pm Beijing time. Meanwhile, the November/December intermonth backwardation structure in the CFR China market weakened from $58/mt to $50/mt on the day as supply tightness is expected to loosen, regional market participants told. "November is expected to weaken further," a China-based buyer said. "There’s some expectation that styrene and benzene inventories will rebound in the coming month," a China-based trader said. Benzene port inventories in east China rose 1,000 mt week over week to 35,000 mt as of Oct. 28, according...

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