Latest Benzene Market Analysis & Prices

Asian Benzene: Prices weaken as upstream markets extend decline / Tuban refinery incident to have negligible impact on SE Asia market / Spot discussions in Taiwan remain tepid

Jun 06, 2026

Asian benzene down $7.34/mt day over day at $668.33/mt FOB Korea Oct. 17, amid the decline in upstream markets. Upstream markets extended their decline, with the front-month ICE Brent futures contract falling $1.31/b on the trading session to $61.06/b, while the naphtha C+F Japan marker $8.50/mt lower over the session at $537/mt. Downstream, the styrene monomer marker down $16/mt day over day at $803/mt CFR China Oct. 17. During the Market on Close assessment process, no trades were reported. A Southeast Asia-based producer said that “the benzene market is not good for Southeast Asia this year. As South Korea is unable to export to the US due to the closed arbitrage as a result of the 15% trade tariff, the country is turning to export to China instead. This has...

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