The Northwest European benzene market is likely to remain supported in August despite the sharp fall in upstream markets over the last two days, as per Platts. Since trading at US$1322/mt for 1,000 mtt CIF ARA August barges Tuesday, prices have dipped by a minimum of US$52/mt due to a steep fall in crude and naphtha prices.
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Tuesday, August 09, 2011
NW European benzene markets could find support despite deteriorating upstream prices
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