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Benzene prices collapse in Asia

Petrochemical industry | 16 Mar 2020 09:30 IST | Polymerupdate.com

Benzene prices collapsed in Asia, last week. Prices plunged, on the back of a steep week on week drop in upstream crude values, coupled with bearish regional demand trends and a plunge in downstream SM rates.

A sharp fall in benzene values in the U.S, further pulled prices lower in the region.

On Friday, benzene prices were assessed at the USD 515/mt FOB Korea levels, a whopping week on week fall of USD 110/mt.

Downstream SM prices were assessed lower at the USD 715/mt FOB Korea levels, a steep slide of USD 90/mt from the previous week.

In the USA, benzene prices on Thursday were at the 204.00 cents/gallon FOB US Gulf mark, a week on week plunge of 39.90 cents/gallon.
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