Cheaper benzene across markets spells cost deceleration

News Tags: Benzene price in asia, Benzene price in Europe, Benzene price in US, caprolactum price in Asia, nylon filament yarn price in China

Mumbai
Cheaper benzene across markets spells cost deceleration
Summary: 
US spot benzene prices dropped on weaker downstream demand pulling down prices in Asia, Europe and Latin American markets. US spot benzene prices dropped in the week ended 22 August falling below US cents 500 a gallon mark to begin the week and continued to fall later. Asian benzene marker, the FOB Korea was assessed at US$1,318-1,319 a ton, down US$29.50 week on week. US spot prices dropped US cents 19 on the week, assessed at 481.95-482.05 per gallon FOB USG.

US spot benzene prices dropped on weaker downstream demand pulling down prices in Asia, Europe and Latin American markets. US spot benzene prices dropped in the week ended 22 August falling below US cents 500 a gallon mark to begin the week and continued to fall later. Asian benzene marker, the FOB Korea was assessed at US$1,318-1,319 a ton, down US$29.50 week on week. US spot prices dropped US cents 19 on the week, assessed at 481.95-482.05 per gallon FOB USG.

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Benzene firms up again lifting the value chain

News Tags: Benzene price in asia, Benzene price in Europe, Benzene price in US, caprolactum price, nylon chip price, nylon filament yarn price, polyamide chip price, textile prices

mumbai
Summary: 
Asian benzene prices were on a bull-run since mid-May, gaining a total US$173.50 a ton until June-end, partly fuelled by supplies shortages in South Korea and Japan, as well as the strong crude prices. Asian markets were also influenced by the rising prices in US which opened the window for arbitrage trades from the region to the west since early June.
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