Markets :: Basic Chemicals :: Petrochemicals :: Benzene
2:34 PM MDT | August 27, 2007 | Chemical Week Editorial Staff
Prices U.S.: $3.57/gal fob, spot; $3.59/gal fob, August contracts EUROPE: $1,052/m.t. cfr, spot, €769/m.t. cif, August contracts ASIA/PACIFIC: $1,029/m.t. fob Korea spot Outlook Benzene demand has remained healthy since late 2005 amid balanced to tight supply. Elevated crude oil costs have also helped keep benzene prices strong, says Simon Palmer, senior consultant/aromatics at CMAI (Houston). Margins for U.S. producers have been healthy, due in part to strong derivative export demand. Planned and unplanned cracker outages in Europe, coupled with decent...
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