06 January 2012 04:15 [Source: ICIS news]
SINGAPORE (ICIS)--Benzene prices in the ?xml:namespace>
US benzene prices for January were hovering at $3.86-3.87/gal or $1,154-1,157/tonne (€900-902/tonne) FOB (free on board) Barges, $27-39/tonne higher than Asian values seen on Friday morning.
The arbitrage window from Asia to the
But the expected shipments from Asia to the
Some Asian players were already discussing the loading of March cargoes from Asia to the
The freight rates for shipping 5,000 tonnes of benzene from
European benzene prices also rose on Thursday to $1,130-1,150/tonne CIF (cost, insurance and freight) ARA (
On Friday morning, spot benzene prices in Asia were $5/tonne lower than the previous day’s close at $1,115-1,130/tonne FOB (free on board)
On Thursday, Asian prices spiked to a four-month high at $1,120-1,135/tonne FOB
($1 = €0.78)
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