Japanese Chemical Trader blog

Japan Chemical Trading Blog

Prices of Benzene and Paraxylene Increased

According to the Nikkei Newspaper on June 27, East Asian spot prices of Benzene rose about 5% to USD1,410 – USD1,430 per ton in the past one week.
Some problems in an oil refinery in the U.S., to where manufacturers in Japan and South Korea export benzene, made the prices in the U.S. rise drastically, which impacted the Asian market.
The production of paraxylene has been decreasing, but the market now seems to be rallying sharply.
On May 28, we reported that its prices dropped to USD1,200 – USD1,250 per ton in this weblog. However, I have heard it has recently recovered to about USD1,400 per ton.