- Paper trade concludes at $970-990/mt for May contract- The May-June physical spread
narrows down to $4-5/mt day





Sources indicated that Asian benzene
markets were stable on April 11. The FOB Korea marker was down marginally at
$970.67/mt, while the CFR China marker unchanged was at $978/mt. A
paper deal was concluded for the May contract at $970/mt. Market
fundamentals were weak. Sources say that benzene prices
were following crude oil movement recently. The May-June physical spread
narrowed to $4/mt on April 11. After widening to $8/mt the previous day, paper
trades were heard for the May contract at $970/mt. The spread
was assessed lower than an offer at plus $5/mt. Market source cited
increased interest floating price cargoes. floating prices bids and offers
were heard for May and Juni loadings for FOB Korea throughout the day. The last
bids and...