Prices for benzene in Asia increase US$2/tonne overnight Feb. 7 to US$1,193.50/tonne FOB Korea, boosted by stronger crude oil prices, higher U.S. benzene prices; U.S. benzene closes at US$1,225/tonne Feb. 6

LOS ANGELES , February 7, 2012 () – Prices for benzene in Asia increased US$2 per tonne overnight Feb. 7 to $1,193.50/tonne free on board Korea, following prices for crude oil and U.S. benzene up, Platts reported the same day.

Prices for benzene closed up in the U.S. market Feb. 6 to $1,225/tonne while benzene in Europe settled at $1,247/tonne cost, insurance and freight Amsterdam Rotterdam Antwerp on Feb. 6. In early trading Feb. 7, bids in the European market for February benzene came in at $1,245/tonne and were met with offers of $1,260/tonne CIF ARA.

Platts noted that front month ICE Brent crude futures increased $1.70 per barrel overnight to $115.80/barrel on Feb. 7.

The primary source of this article is Platts, New York, New York, Feb. 7, 2012.

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