Global benzene prices dip on sluggish trends last week

In Korea, Benzene prices fell, due to sluggish buying sentiments in the region in the week ending February 23, 2013.

 

In the early days of the week, prices were at US$ 1410/ton lower by US$ 20/ton, as compared to the same period of the previous week. During the week they were assessed in the range of US$ 1395-1410/ton FOB Korea.

 

In Japan, Benzene prices showed similar trend as Korea. Speculators assessed the spot prices of Benzene in the range of US$ 1400-1415/ton CFR Japan.

 

In India, Benzene prices showed similar trend as Korea and Japan. Initially, prices were at US$ 1420/ton lower by US$ 20/ton, as compared to the same period of its previous week. Benzene prices were spotted in the range of US$ 1405-1420/ton CFR India during the week.

 

Benzene prices went down in Europe, due to lower upstream product prices. In the initial days of the reporting week, prices were at US$ 1390/ton lower by US$ 35/ton, as compared to the same period of its previous week. 

 

During the week, prices were spotted in the range of US$ 1390-1420/ton FOB Rotterdam. Contract prices for February were settled at US$ 1408/ton FOB NWE.

 

In US, Benzene prices showed similar trend as Europe and were assessed in the range of 460-470 (cents/gallon) FOB US.