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Benzene prices up from previous week
22
Apr '10
Asian benzene market fell into stalemate under the shadow of successive decline in international oil prices and European benzene prices, but the market found support from a good trend in exports.

In the Asian markets, FOB Korea ranged between US $995-1010 / ton on April 21, up $10-15 / ton from the previous week.

In the Chinese market, benzene prices were steady. Market price in East China ranged between 7,900-7,950 Yuan / ton, in South China it stood at 7,850-7,900 Yuan / ton and North China it touched 7,850-7,900 Yuan / ton.

It is reported that about 60,000 tons of benzene will be shipped from Asia to the United States, of which about 30,000-40,000 tons will be from South Korea.

International oil prices face more downward pressure due to the Goldman Sachs fraud, due to which, Asian benzene market is expected to witness a slight drop.

Fibre2fashion News Desk

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