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Fall in downstream demand impacts Asian benzene last week
25 Aug '14
1 min read
Lower upstream energy prices, sluggish regional downstream demand and decline in downstream product prices, led to Asian benzene prices falling by US$10/ton last week.
In Korea, prices which were assessed at US$ 1330/ton at beginning of last week, which went down by US$ 10/ton and were quoted at US$ 1320/ton by the end of the week.
In Japan, prices showed similar trend. Prices opened at US$ 1335/ton and also fell US$ 10/ton by the weekend to US$ 1325/ton.
In India, benzene prices which were offered at US$ 1340/ton on August 18, slipped by the end of the week to US$ 1330/ton.
In Korea, prices which were assessed at US$ 1330/ton at beginning of last week, which went down by US$ 10/ton and were quoted at US$ 1320/ton by the end of the week.
In Japan, prices showed similar trend. Prices opened at US$ 1335/ton and also fell US$ 10/ton by the weekend to US$ 1325/ton.
In India, benzene prices which were offered at US$ 1340/ton on August 18, slipped by the end of the week to US$ 1330/ton.
Fibre2fashion News Desk - India
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