Houston (USA)- The Benzene prices in the US market witnessed a push in mid-February xxxx as the supply chain remained tight, accompanied by an increased demand outlook from the aromatics and other petrochemical-producing and manufacturing units. Petrochemical production in the US and China has surged, raising concerns that the industry&#xx;s excess capacity will further squeeze margins and increase operating costs for players already under pressure. The prices of Benzene are likely to remain firm in the coming weeks.
In the second month of Qx xxxx, Benzene prices in the US market jumped nearly by xx, with quotations settling at USD xxxx per MT, FOB Louisiana in the week ending February xxth. Petrochemical production typically sees a surge in the first quarter of the year. This is driven by the need to restock Benzene inventory, especially before and after the Lunar New Year in the Asian market....
