- China’s Hengli closed down the SM unit to maintain- China's export market is
still active





Asian spot styrene monomer prices rose by
$28-34/mt to $1,328.5-1,355.50/mt CFR China marker. The China domestic price,
however, was up Yuan190-250/mt at Yuan 10,485-10,600/mt exp-tank. This equates
to $1,360.78-1,390.55/mt if you use import-parity. Higher upstream prices and tighter local supply
were the main drivers of firm SM prices. According to
a company source, China's Hengli Petrochemical closed its Dalian styrene
monomer plant on June 24 in preparation for a planned turnaround. The plant
can produce 720,000 mt/year. According to a company source, the
maintenance period will likely be between 20 and 30 days. The
international market remains quiet on the CFR China topic due to lower domestic
supply and slow importing demand. Sources noted that the export market
was very...