17 January 2014 10:08 [Source: ICIS news]
SINGAPORE (ICIS)--Spot benzene prices in Asia dipped on Friday from a 45-week high, following a halt in the US market rally and amid weak regional demand, industry players said.
At the close of trade, benzene was at $1,353-1,357/tonne FOB (free on board) Korea for March cargoes and at $1,367-1,377/tonne FOB Korea for second-half February parcels, according to ICIS data.
Prices came off by $10-15/tonne from the 45-week high of $1,365/tonne FOB Korea hit early on Thursday, the data showed.
But end-users in this region are unwilling to raise their buying ideas amid a stable domestic market in China and a weak downstream styrene monomer (SM) market.
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