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Asias benzene and toluene prices to slide from October

September 02/2011

(ICIS) -- Asias benzene and toluene prices are expected to slide from October on the back of increased supply after a turnaround season and slower demand from downstream sectors, traders and producers said on Friday.

Prices of benzene were steady on Friday morning at USD 1,150-1,155/tonne (EUR 805.00-808.50/tonne) FOB (free on board) Korea, while toluene prices were unchanged from Thursday at $1,130-1,140/tonne FOB Korea, according to ICIS data.

Benzene prices in Asia could soften from October when demand from the styrene monomer (SM) sector is expected to decline as the seasonal peak production period comes to an end, said traders.
Benzene supply, which is tight at present, is expected to mount from October following the end of turnarounds at GS Caltexs No 1 aromatics and JX Nippon Oils Mizushima-based facilities, traders said.

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