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European benzene prices tumble

17
Jun '10
Sellers in European benzene market faced increased pressures, as the market tumbled on Wednesday. FOB Rotterdam closed at US $877.25-878.25 / ton, down $35.25/ ton from the previous day, CIF ARA closed at $866.5-867.5 / ton, down $36.25/ ton.

At the opening time of the day, offers and bids for June Benzene were in the range of $909.5-924.5/ ton, but fell to $899.5-914.5/ ton in the afternoon.

July prices also fell, opening level were at $860-880/ ton, offers fell from $870 / ton to $865 / ton and bids fell from about $855 / ton to $840 / ton.

Asian benzene market increased slightly on Wednesday. FOB Korea closed at $812-813 / ton, up $4.5 / ton. However, FOB Southeast Asia closed at $797.5-798.5 / ton, up $5 / ton.

Offers and bids for August benzene were at $810 -830 / ton, but fell to $817-825 / ton in the afternoon.

TPPI aromatics plant in Indonesia has resumed running at full capacity in June, its benzene production capacity is 350,000 tons / year.

Fibre2fashion News Desk


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