Asian Benzene: Up $4-5/mt on firm buying■ Naphtha Price Up $21-27/mt■ European Cargo shows Selling Interests in AsiaAsian benzene prices rose $4-5/mt to
$900.67-920.50/mt FOB Korea marker, Sept 2. FOB Korea's physical talks slowed down in the morning trading
session. The October-loading cargo was reduced to $890-910/mt. The Market on Close assessment showed that buyers were more
interested in the October-loading cargo. Three deals were concluded at $895/mt.
$900/mt. And $902/mt October loading FOB Korea. Sources were concerned about China's import demand, despite
the stronger FOB Korea market. Bids were heard at $910-930/mt October arrival CFR
China. According to market participants,
the rebounding styrene monomer margins were increasing China's SM operation rate
which was boosting benzene demand. However,
sources said the outlook of further downstream polystyrene and
acrylonitrile-butadiene-styrene, or ABS, remained bearish, considering the
pandemic control in...