The Benzene prices in the US market continued to follow a southward price momentum as the demand for Benzene is limited with tight supply rates in the domestic market. Benzene is one of the major fluctuating commodities with a vast variety of end-use applications in the downstream sector, including pharmaceuticals, textiles, construction, styrene production, and more. Any fluctuations in the demand volume of Benzene from the above-mentioned end-use consumers showcase its proportional impact on the overall prices of Benzene in the domestic market. Additionally, upstream prices (crude oil and naphtha gas) in the domestic market play another significant role in the production cost of the Benzene. Towards the end of December, Benzene prices in the US market settled at USD xxx per MT, FOB Louisiana.
Crude oil futures experienced a double-digit drop in xxxx amid a turbulent year of global trade, fueled by...
