In the early days of last week, Korean prices were at US$ 1410/ton, lower by US$ 5/ton as compared to the same period of its previous week. During the week, prices were assessed in the range of US$ 1370-1410/ton FOB Korea.
In Japan, Benzene prices showed similar trend as Korea last week. Speculators assessed the spot prices of Benzene in the range of US$ 1375-1415/ton CFR Japan.
In India, Benzene prices too followed trends as in Korea and Japan in the week under review. Benzene prices were spotted in the range of US$ 1380-1420/ton CFR India.
In Europe, supporting the price drop was lower energy prices. In the initial days of last week, prices were at US$ 1470/ton, lower by US$ 15/ton as compared to the same period of its previous week. Prices were spotted in the range of US$ 1470-1475/ton FOB Rotterdam, during the week.
Initial contract prices for the month of July were settled at US$ 1466/ton CIF ARA, higher by US$ 136/ton as compared to the contract prices of June.
In US, Benzene prices showed similar trend as Asia and Europe in the last week. Prices were assessed in the range of 515-530 (cents/gallon) FOB US. Contract prices for the month of July were settled at US$ 5.28/gallon, higher by 80 (cents/gallon) as compared to that of June.
Fibre2fashion News Desk - India
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