Asian Benzene: Prices edge up on higher Nov MOC trade / FOB Korea Oct/Nov, Nov/Dec backwardation widens / Buyers in Taiwan resist higher premiums on lower demand

Sep 26, 2026

Asian benzene $1.67/metric ton higher on the session at $1,176.67/mt FOB Korea on Sept. 25, amid a higher November Market on Close assessment process trade. Crude oil prices edged down during Asian mid-morning trading Sept. 25 as the market weighed reports of US- Iran talks on a potential phased reopening of the Strait of Hormuz. Upstream, the front-month ICE Brent futures edged 43 cents/ barrel lower on the trading session at $105.79/b, while the assssed naphtha C+F Japan marker declined $22.50/mt over the session to $908.50/mt on Sept. 25. During the MOC, three trades were reported. Gunvor sold a November-loading FOB Korea cargo to GS Caltex at $1,171/mt. Trafigura sold a December-loading FOB Korea cargo to Gunvor at $1,128/mt. BP sold a December-loading FOB Korea cargo to Gunvor at $1,128/mt....

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