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Asian spot benzene spiked US$108-120 a ton FOB Korea and CFR Taiwan in the second week of December. The CFR India was up US$120 a ton on the week. Benzene prices gave back a significant part of its previous week’s gains as buyers were resistant to such sharp hikes. Sellers in Asia were unlikely to compromise on prices until given the price uptrend in crude oil and feedstock was established.

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