U.S. benzene prices extend losses amid weak demand and softer downstream markets

Last week, benzene prices moved lower in the United States.

An sector source in the U.S. informed a Polymerupdate team member, “U.S. benzene spot prices slipped amid weaker downstream styrene values and bearish sentiment in Asian markets. Trading activity remained limited as weak domestic demand and pressured margins kept buyers cautious. Soft consumption patterns and reduce regional prices continued to weigh on overall market sentiment.”

Benzene prices were assessed at 399.00–399.10 cents/gallon FOB U.S. Gulf levels, week-on-week down (-3.00 cents/gallon).

Downstream styrene monomer (SM) prices were assessed at 58.90–59.00 cents/lb FOB U.S. Gulf levels, down (-1.80 cents/lb) from the previous week.

Meanwhile, FOB Korea benzene prices were assessed at USD 970–980/mt levels, week-on-week reduce by USD (-30/mt).

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