Styrene Monomer: High Kandla Supply

India Styrene Monomer: Stable on slow demand; traders assess 2026 contracts / Contract discussions ongoing for 2026 / FOB Korea benzene assessed at $660.33/mt / Domestic Kandla offers fall to Rupees 80.50-81/kg

Jun 06, 2026

The Indian styrene market remained stable for the week ended Nov. 21, with steady spot offers and rising inventory levels. the weekly styrene monomer CFR India marker at $837/metric ton on Nov. 21, up $6/mt from the previous assessment. The premium to CFR China remained unchanged on Nov. 21 at $25/mt, with offers and buying ideas aligned at CFR China plus $25/mt. Offers of CFR China plus $25/mt were heard during the Market on Close assessment process, with buying levels heard around CFR China plus $25 from several Indian buyers. “Spot deals are happening between CFR China plus $15-$25/ mt levels for December arrival shipments. However, inventories are currently high in India, and buyers are on the sidelines for January arrival shipments,” an end-user said. “The market is in ongoing...

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