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In the early days of last week, Korean benzene prices were at US$ 1300/ton, higher by US$ 40/ton as compared to the same period of its previous week and were assessed in the range of US$ 1260-1300/ton (FOB Korea).
In Japan, benzene prices showed upward trend in the reporting week as well. Speculators assessed spot prices in the range of US$ 1265-1305/ton (CFR Japan).
In India, benzene prices showed similar trend as Korea and Japan and were assessed in the range of US$ 1270-1310/ton (CFR India).
In Europe, benzene prices went up by 3% w-o-w, due to tight product availability and strong demand from the downstream market. Contract prices for October were settled at US$ 1285/ton (FOB NWE), slightly down as compared to the contract prices of last month.
In US, Benzene prices showed similar w-o-w percentage increase as Europe.
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Fibre2fashion News Desk - India
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