20 July 2012 12:00 [Source: ICIS news]
By Mahua Chakravarty
The volume in July is likely to be roughly double the 40,000-tonne average monthly benzene exports of Asia to the
Margins for shipping benzene to the West have been robust in the past few weeks, as
US benzene spot prices were at $4.80-5.00/gal or $1,435-1,495/tonne FOB Barges late on Thursday, while Asian values were hovering at $1,175-1,185/tonne FOB
“But no one cares about the freight now, when the margins are so high,” a Korean producer said.
Asia is a net exporter of benzene to the
South Korea is the biggest exporter of benzene in Asia, with monthly exports to the US estimated at around 50,000-60,000 tonnes in combined spot and contract volumes, based on official figures in the first half of the year.
Korea International Trade Association (KITA) data showed that
Benzene exports from South Korea to the US?xml:namespace>
($1 = €0.81)
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