Asia benzene-naphtha spread near 8-month high as US arbitrage opportunities emerge

 In In the News
Even as demand for benzene in the key petrochemical region of Northeast Asia tapered, the Asian benzene-naphtha physical spread – the difference between FOB Korea benzene against CFR Japan naphtha physical – continued to climb, touching nearly an eight-month high, as successive opportunities for traders to ship benzene to the US emerged. Difference between the two physical markers stretched to…