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Benzene prices decline in Asia & US last fortnight
05
Apr '14
The prices of benzene decreased in the Asian and the US markets in the last fortnight ending March 31, 2014, while they increased in Europe, compared to the previous fortnight ending March 15, 2014.
 
Benzene prices decreased in Asia due to subdued demand from the downstream buyers.
 
In Korea, the average price of benzene in the last fortnight was US$ 1250/ton, which was a decrease of 5.49 percent compared to the average price of $1320/ton during the same period of the last year. 
 
In March 2014, benzene price decreased from $1255/ton to $1245/ton, which is a decrease of 0.8 percent. On April 5, 2014, benzene price was assessed at $1270/ton.
 
In India, the average price of benzene in the last fortnight was assessed at $1255/ton, showing a dip of 0.4 percent compared to the average price of $1260/ton in the previous fortnight. On April 5, the price was assessed at $1280/ton.
 
In Japan, the average price of benzene was assessed at $1250/ton in the last fortnight, which was slightly lower compared to the previous fortnight. On April 5, price was assessed at $1275/ton.
 
In the US market, the average price of benzene decreased by 1.01 percent in the last fortnight to 490 cents/gallon, vis-à-vis the average price of 495 cents/gallon in the previous fortnight, due to weak market fundamentals.
 
However, the average price of benzene increased by 2.18 percent  in the last fortnight in the European market to $1405/ton, compared to the average price of $1375/ton in the previous fortnight, due to tight product availability in the region coupled with the gain reported in the energy value. On April 4, price was assessed at $1505/ton.
 

Fibre2fashion News Desk - India

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