Asian Benzene Update
Benzene prices firm up in Asia |
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On 14 November 2016 at 11:00
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Benzene prices marched higher in Asia last week. The sharp price rise was a result of bullish demand trends in major markets like China.
A surge in downstream SM values further pressured prices higher across the Asian region.
On Friday, prices of benzene were up at the USD 685/mt FOB Korea levels, a sharp week on week increase of USD 30/mt.
CFR Taiwan prices of benzene were assessed higher at the USD 690/mt levels, a rise of USD 20/mt on the week.
Firmer downstream SM rates further pushed prices higher in the region.
Downstream SM prices on Friday were at the USD 1180/mt FOB Korea levels, a whopping increase of USD 95/mt from the previous week.
https://www.polymerupdate.com/blog/plastic-news/2016-11-14-Benzene-prices-firm-up-in-Asia.aspx?id=272&year=2016#sthash.f98h1V9H.dpuf
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