Monday, May 02, 2011

Asian benzene prices plunge

Asian benzene prices shed US$11.50/mt on Friday as market sentiment turned bearish over weaker crude futures, as per Platts. FOB Korea benchmark for Asian benzene was assessed at US$1226/mt. Japan’s largest refiner, JX Nippon Oil & Energy, settled May Asia contract price for benzene at US$1215/mt CFR, up US$65/mt (almost 6%) from its April settlement of US$1150/mt.

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