Benzene prices in Asia slide to five month lows

Sliding to the US$1100/MT mark, benzene prices in Asia have fallen to five-month lows, corresponding with weakening crude oil prices as well as persistent oversupply in the region. A further drop in benzene values has been estimated, as the oversupply is expected to extend on account of an influx of cargoes from Iran and Singapore totaling to 24,000 tons in two equal cargoes. Several buyers prefer to wait in the sidelines in anticipation of the priced dip. The 40 day shutdown of Sinopec Tianjin Petrochemical's 680,000 tpa BTX plant is not expected to affect market sentiments.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha