Weaker downstream product prices as well as sluggish demand led to European and US benzene prices falling last week but trends reversed and they started climbing this week.
In Europe, benzene prices which were quoted at US$ 1405/ton on August 11 went up to US$ 1415/ton on August 13, up by US$ 10/ton.Weaker downstream product prices as well as sluggish demand led to European and US benzene prices falling last week but trends reversed#
Last week, European benzene prices showed downward trend as in Asia. In the initial days of the week, prices were at US$ 1420/ton, lower by US$ 55/ton as compared to the same period of its previous week.
During last week, European benzene prices were spotted in the range of US$ 1375-1420/ton FOB Rotterdam last week as compared to US$ 1445-1475/ton in its previous week.
In US, benzene prices followed trends as in Europe & Asia last week. Prices were assessed in the range of 475-495 cents/gallon FOB US in the week under preview compared to 495-510 cents/gallon in its previous week.
Fibre2fashion News Desk - India
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