Asia benzene market was stable on January 13

by moyuhappy on 2009-01-14 10:20:04

On Tuesday, Asian benzene prices remained firm despite the sharp drop in Western crude oil prices. FOB Korea closed at $335.75-$336.75/ton, and Southeast Asia closed at $312.75-$313.75/ton, unchanged from yesterday. Despite weak market fundamentals, many buyers continued to seek next month's futures. Due to thin production profits, Asian aromatics producers continued to control operating rates.