IHS Chemical Week

Aromatics in Asia Fall on Low Demand

11:41 AM MDT | July 20, 2010 | Lindsey Bewley

Benzene fell from USD 780-790 to USD 760-770 FOB Korea due to sluggish demand and high inventories. Plants are not lowering their operating rates because margins are too low, sources say. The inventory buildup may go up in the coming weeks forcing prices to come under pressure. MEG moved lower from USD 710-720 to USD 690-700 CFR Far East. Crude oil and ethylene price levels are influencing MEG pricing, driving demand down, players say.  ...

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