Chemical Updates

Asian Styrene Monomer: Prices fall on softer domestic China market / Crude oil decline drives styrene downward / East China inventories surge 15,600 mt

Aug 03, 2026

Styrene monomer CFR China and FOB Korea at $1,107/mt and $1,092/mt July 31, down $31/mt day over day, tracking the movement in the domestic China market. The September EB2609 SM futures contract listed on the Dalian Commodity Exchange dropped 233 yuan/mt to 8,385 yuan/mt during the afternoon trading session July 31, at 3 pm Beijing time. “Styrene prices are largely driven by the fluctuations in crude oil prices,” a China-based analyst said. The front-month ICE Brent futures contract fell $3.89/b on the trading session to $88.20/b on July 31, as of the Asian close at 4:30 pm. Crude oil futures fell in mid-afternoon Asian trade on July 31, as ship traffic through key Middle East chokepoints recovered and traders took profits after a sharp monthly rally, though geopolitical risks continued...

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