Benzene Market Update: Pricing Trends & Outlook

Latin American Benzene: Prices continue to experience downward pressure / Prices down $8/mt on week / Asian prices down, European up

Jun 06, 2026

Latin American benzene prices decreased on the week to Oct.24, continuing to experience a downward trend amid lower US Gulf pricing. Latin American benzene at $634/mt FOB Brazil, down $8 on the week. Prices were based on prompt- and forward-month US Gulf Coast FOB assessments using a three- to 30-day netback formula that accounts for freight costs at $100/ mt, according to market feedback. The European benzene and styrene markets strengthened. Benzene trading surged on the first day of the contract presettlement trading window, with over 40 deals concluded, according to a trader. On the other hand, benzene prices in Asia decreased on the session, tracking the decline in the downstream styrene monomer market. A China-based analyst expects 2026 term discussion levels to be $10-$15/mt lower than this year, given...

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