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Benzene markets in Asia hit an eight-month high in November 2017 on strong buying interest and high upstream prices. In US, spot benzene prices jumped on tight prompt supply during the month. Supply in the US has been tight since late October due to regional plant outages. In Europe, benzene spot market rose as significant volumes were still being shipped to the US where supply continued to be tight. Asian marker, FOB Korea surged 7.8% in November while US spot prices were up 15.8%. European spot rose 15.9% on the month.
