NEWS European benzene continues to recover; trades above $1,300/mt

摘要

London — European benzene prices continued to recover, with August delivery barges trading above $1,300/mt level Wednesday. This compared to Tuesday's Platts assessed level of $1,258/mt CIF ARA. With sources reporting tight supply and prompt demand for short covering, pressure on an already backwardated was telling. In the afternoon, sources talked of strong demand for prompt barrels as traders scrambled to cover shorts.