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Benzene prices decline in Asia

Petrochemical industry | 17 Feb 2020 09:30 IST | Polymerupdate.com

Last week, despite a week on week rise in upstream energy values, benzene prices declined in Asia. The price fall was mainly on an account of persistent bearish buying trends in major markets like China.

A sharp drop in downstream SM values, further pressured prices lower.

On Friday, benzene prices were assessed at the USD 655/mt FOB Korea levels, a week on week fall of USD 20/mt.

Downstream SM prices were assessed lower at the USD 800/mt FOB Korea levels, a tumble of USD 30/mt from the previous week.

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