Japanese Chemical Trader blog

Japan Chemical Trading Blog

Benzene Price Drop

According to the announcement dated December 5 made by JX NIPPON OIL & ENERGY CORPORATION, Asia’s price leader, the contractual price of benzene for December for Asia was settled at USD885 per ton, down by USD210 from the previous month.

This drop in the benzene price is observed as a matter of course considering the historic decline in the crude oil price.
As expectation increases that demand will decrease and the price will drop in the Asia region, the market price in the near term seems to be further weakening and the price has become the lowest in these 4 years.