- Trade activity remains muted- Withdrawals could reduce styrene’s net length



Prices rose in the Asian benzene markets
Dec. 5, despite general bearish sentiment. FOB Korea benzene physical increased $8/mt to $780/mt
December 5. The January/February
structural structure was at parity with a spread offer of plus $1-2/mt just
before the trade session ended. ICE Brent
crude oil futures were at $85.98-90.100/barrel 0830 GMT, slightly lower than
$86.53/b in the session before. Sources
indicated that spot cargo trade negotiations had been lacking. Although South China expressed interest, it was not confirmed. Market sources quoted levels at $25/mt for bids, compared
with offers at $30/mt. This premium is in contrast to the Mean of Korea benzene
price. All prices are LC 30 days basis for January arrival cargoes. The range was stable compared to previous weeks. Sources say that...