Petrotahlil - Last week, despite bearish upstream energy values, benzene prices climbed higher in Asia. The price rise was supported by tight regional product availability and stronger downstream SM rates.
Gains recorded in benzene values in the U.S., further pushed price higher in the region.
On Friday, benzene prices were assessed at the USD 625/mt FOB Korea levels, a week on week gain of USD 15/mt.
Downstream SM prices were assessed higher at the USD 805/mt FOB Korea levels, a sharp rise of USD 25/mt from the previous week.
In the USA, benzene prices on Thursday were at the 243.90 cents/gallon FOB US Gulf mark, a week on week increase of 4.95 cents/gallon.
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Source : PU