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Benzene prices surged 13-16% in March across regions while US numbers hit a four-month high in the first week of the month. In Asia, a strong demand for May cargoes supported prices to go up while in European bullish sentiments caused prices to jump. In US, derivative styrene’s demand for benzene held firm as participants eyed export opportunities to Europe, which ultimately led to reductions in benzene supply locally. In Latin America, benzene prices rose week on week tracking key global markets higher.
