- Get Offers starting at $30-35/mt CFR China or higher- CPC purchased at lease one January cargo



While the fundamentals were mixed, Asian
benzene markets saw a lack of activity. Participants continued to pause offers
and purchases while fundamentals remained mixed. The Asian benzene markets
saw a sharp drop in oil prices. February
ICE Brent crude oil futures were at $79.36/barrel. FOB Korea prices fell in the morning, but rose in the
afternoon. After an open deal between two
counterparties at $753/mt, January laycans were offered for FOB Korea at
$753/mt. The January/February contango
structure was strengthened to minus $5-6/mt. On day, the East China domestic marker fell $15.66/mt to
Yuan 6,378/mt or $790.83/mt. Although term
contract negotiations are ongoing in each country, USD-based talks among
buyers, traders, and producers across the region remain to be heard. CPC...