Benzene prices are likely to attain more gains in the upcoming month
04/02/2022 Other Services
Price: 10017.00 ₹
Description
In Q4 2021, Benzene prices showcased an overall upward trajectory with a marginal gain of USD 40/MT from October to December. Volatility in the upstream crude oil values and demand outlook had supported the pricing trend of Benzene in the region. Moreover, in November, a dip in the values of Benzene in South Korea was also reflected in the USA market easing the Benzene prices as it imports 35-40% of the product from South Korea. However, in December, Benzene prices rose effectively on the back of a surge in crude oil values as well as firm demand. Thus, FOB Louisiana Benzene prices settled at USD 1064/MT in December. Benzene prices are likely to attain more gains in the upcoming month in the effect of upstream crude oil prices.
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