Benzene FOB Korea Price Drops to $724

Asian Benzene: Falls DOD with weaker styrene / H2 Sep/Oct contango widens to $5/mt for FOB Korea / CPC buys 12,000 mt benzene for Oct arrival

Jun 12, 2026

Asian benzene was assessed $2/mt lower on the session to $724.33/mt FOB Korea on Aug. 29, tracking weaker downstream styrene during the trading session, despite gains in upstream markets. the CFR China styrene monomer marker $9/mt lower on the session at $878.50/mt. Upstream, the front-month ICE Brent futures rose 69 cents/b to $68.26/b as of the Asian close. During the Market on Close assessment process, BP bought H2 September FOB Korea from Gunvor at $721/mt, and October FOB Korea from Glencore at $726/mt. The H2 September and October laycans were assessed at the trade levels, widening the H2 September/October contango from minus $2/mt to minus $5/mt on the session. In tender news, Taiwan’s CPC has concluded the purchase of 12,000 mt of benzene for October arrival through a buy tender,...

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