Chemicals Updates

Asian Benzene: Prices fall with weaker upstream markets / ENEOS settles Aug CP at $770/mt / Buying interest sighted for H2 Oct CFR Taiwan

Aug 04, 2025

Asian benzene was assessed $4.84/mt lower on the session at $749.33/mt FOB Korea on Aug. 1, in line with weaker upstream markets. Upstream, the front-month ICE Brent futures fell $1.50/b to $71.84/b, while naphtha fell $7.125/mt on the trading session to $603.875/mt. During the Market on Close assessment process, BP sold October FOB Korea to GS Caltex at $743/mt. The October FOB Korea laycan was assessed at the trade level, while the September laycan was assessed at $744/mt, narrowing the September/October to plus $1/mt, $1/mt down from intraday levels. After Taiwan’s CPC was heard to conclude its September buy tender earlier in the week, some buying interest emerged for second-half October arrivals, with bids heard at a premium of $9/ mt against the October weekly Mean of Korea for a...

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