Benzene, is raw material for producing several products like plastics, resins, nylon and synthetic fibers.
Benzene prices have always been unstable, due to availability, demand, alternate resources, and, so on.
Last week, however, prices in Asia ended on a decisive note.
Sources say that the stocks are exceeding the demand that will stabilitize its prices.
Prices for February stand levels near US $750 per metric FOB Korea mark.
Traders will stick to their spot prices, considering the strong upstream energy costs, strength in ethylene feedstock as well as downstream Styrene Monomer.
The US market has also opened up for Asian product with several offers coming in.
Buyer bids are pegged at below the $740 per metric ton FOB.
marketing@alchempro.com
