IHS Chemical Week

Asia Benzene Surges

3:06 PM MDT | July 28, 2010

Benzene prices saw a surge this week to USD 830-840 from USD 760-770 on FOB Korea basis. A majority of the plants in the region are running at full operating rates, resulting in market oversupply. However, price levels were maintained to some extent. Margins in these prodcuts are too low and comapnies are trying to run plants at full capacity, an analyst...

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