Friday, June 22, 2012

Paraxylene prices plunge in Asia to US$1000 levels amid faltering crude oil prices

Asian benzene fell by US$13.50/mt or 1.3% day on day to US$1000.50/mt FOB Korea June 19, on the back of lower crude and US benzene prices, as per Platts. Since downstream demand across the region is ddismal, traders will base their trades on crude and regional benzene prices.

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