Asian benzene rose by US$17/mt or 1.6% day on day to US$1091/mt FOB Korea May 22, on the back of higher crude and US benzene prices, as per Platts. However, market players consider this a knee-jerk reeaction to higher crude and US prices, and anticipate a fall in prices given the low demand for downstream derivatives.
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Thursday, May 24, 2012
Asian benzene falls as crude and US benzene rise, styrene monomer up on emerging appetite
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