Asian Benzene: Prices rise on demand tick-up / Buyers seek inventory amid caution on costs / ENEOS sets November contract $30/mt higher

Oct 31, 2026

Asian benzene up $6/metric ton day over day at $1,198.33/mt FOB Korea Oct. 30, amid some demand pick-up and still-tight supply. No trades were reported during the Market on Close assessment process. In FOB Korea floating price discussions, a bid for a Januaryloading cargo was heard at a premium of $25/mt to the January weekly Mean of Korea (wMOPK), with no return offers heard during the MOC. “Demand is there — buyers are still asking for cargoes, citing inventory concerns. They’re just more cautious now in case prices fall,” a Southeast Asia-based trade source said. A Northeast Asia-based trade source said, “Benzene remains relatively tight, though recent price hikes are unbearable for downstream buyers.” Downstream, styrene monomer CFR China up $44.50/mt day over day at $1,425.50/mt Oct. 30. Elsewhere, major...

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