Asian Benzene Prices Drop on Crude

Asian Benzene: Prices fall with weaker upstream markets / Crude oil falls $1.40/b as Ukraine agrees to discuss peace plan / Discussion thin in spot markets: buyer

Jun 06, 2026

Asian Benzene was assessed $13/mt lower day over day at $660.33/mt FOB Korea Nov. 21, taking cues from weaker upstream markets. The front-month ICE Brent futures contract fell $1.40/b day over day to $62.54/b on Nov. 21, while naphtha C+F Japan marker $11.25/mt lower during the same period at $561.875/mt. Crude oil futures were trending lower in afternoon Asian or morning European trading on Nov. 21, against a backdrop of Ukraine agreeing to engage with US proposals for an end to the country’s war with Russia. During the Market on Close assessment process, one trade was reported for FOB Korea, with TotalEnergies buying a January loading FOB Korea cargo from Gunvor at $663/mt. US benzene markets held steady in the previous trading session on Nov. 20 with the M2 DDP...

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