Spot Prices benzene Europe November
Spot prices for benzene in Europe decreased by 10% Spot Prices benzene Europe November
MOSCOW – Spot prices for benzene in Europe decreased by 10% compared to last week, reaching the lowest level in 23 months, according to ICIS , citing market participants.
This is also 17% below the price level in the last two weeks. The last time such prices were observed in December 2016.Spot Prices benzene Europe November
The range of spot prices for benzene for November deliveries in Europe amounted to USD710-730 per ton, where USD720 per ton is for supplies in the first half of November.
December benzene prices in the region were at USD730 per ton, while January prices were estimated at USD740-750 per ton.Spot Prices benzene Europe November
Deliveries were made under the terms of CIF, Antwerp-Rotterdam-Amsterdam (ARA).
Benzene is a raw material for the production of styrene, which, in turn, is the main raw material component for the production of polystyrene (PS).
According to the ICIS-MRC Price Review, at the end of autumn the cost of polystyrene on the Russian market dropped sharply.
The prices of Russian material in November decreased by 4,000–5,000 rubles / ton on the background of the continuing trend of a fall in the cost of styrene monomer in foreign markets.
Author: Anna Larionova