Benzene prices may be about to tell us something quite important about future profitability trends for the chemical industry. As the chart shows, benzene has hit a price ceiling at around $1200/t over the past 4 years in European markets. Yet crude has been climbing, from an average $38/bbl in 2004 to average $95/bbl so […]
Chemicals and the Economy
Regional markets at price parity again
An interesting thing has happened to benzene markets, which I haven’t seen noted elsewhere. According to ICIS pricing, average prices last week in Europe, US Gulf and Asia were $1053/t, $1052/t and $1040/t respectively. Compare that with a year ago. Then, Europe was at $1220/t, USG at $1135/t and Asia at $1010/t. So we have […]
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