10 November 2009 09:35 [Source: ICIS news]
SINGAPORE (ICIS news)--Asian sellers are planning to export spot benzene cargoes to the US expecting better margins early next year, market participants said on Tuesday.
About 36,000 tonnes of Asian benzene cargoes were reportedly ready to be shipped to the ?xml:namespace>
“This export volume is more than expected. It seems that players have more confidence in the
A key Korean producer said the current price difference between the
“The potentially larger spread upon the arrival of cargoes in the
Since a typical shipping time frame was six to eight weeks, cargoes delivered from Asia in November and December would reach the
Spot benzene prices in Asia were assessed at $830-840/tonne (€556-563/tonne) FOB
“Naturally, these traders are facing some risks if the
Producers indicated that exporting benzene to the
A key regional trader said despite operating rate cuts at several aromatics units across Asia, there was still slight surplus of benzene, particularly in
($1 = €0.67)
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