Tuesday, September 16, 2008

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 bbenzene 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.

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