After a one month turnaround, S. Korea's LG Chemical Ltd. restarted its 200,000 tpa No.1 SM plant and 300,000 tpa No.2 SM plant in Yeochon, creating an increase in supply, and caused Asian SM prices to tumble. SM markets continued to decline as buyers adopted a wait and watch policy- spot prices fell to US$1,300-1,320/mt FOB Korea. Lacking momentum from favorable factors, the SM market of southern China could not recover from bearishness. This coupled with weak sentiments from downstream buyers' have resulted in thin transactions.
14-Jun-07 
