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European benzene prices witness mixed trends this week
19
Sep '14
European benzene prices showed mixed trend this week by falling on the second day of the week, staying stable on Wednesday and surging on Thursday.

Benzene prices were assessed at US$ 1290/ton on Monday, which went down by US$ 10/ton or 0.78 percent due to weak downstream product prices and were quoted at US$ 1280/ton on Tuesday.

Prices remained stable at US$ 1280/ton on Wednesday. However they surged by US$ 60/ton or 4.69 percent on Thursday and were assessed at US$ 1340/ton yesterday.

Experts attributed the surge to high short-covering action coupled with limited product availability in the region.

Fibre2fashion News Desk - India

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