Benzene prices in Asia, which dipped on Thursday, opened lower this morning as buyers at the day end eventually shied away.
Fall in benzene prices is due to lower bids from Europe and the US and sluggishness in Asian markets, said a benzene trader.
Recent spurt in benzene purchase enabled actual users to stock their warehouses so that they could cash on immediate urgency in markets.
Currently, offers being received for benzene have been adjusted lower at US $680 per metric ton FOB levels, however against these, bid prices have been revised to the $650 per metric ton FOB Korea mark for January cargoes.
Trader sources also added that apart from benzene, the weakness was also witnessed in toluene prices as well as prices of SM in derivative sector.
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