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Benzene values recovered slightly with start of Lunar holidays

Asian Benzene market has regained after steep fall in values in last few weeks. Last week FOB korea values were floating in the range of USD 885-905/MT reduced by USD 35/MT in one week. The values has improved slightly in this week. In this week prices has recovered slightly on back of some stability on SM values in Asian market. Experts do believe that weak demand for benzene is expected to prevail over the next two weeks amid the Lunar New Year holidays which will start across Asia late this week, with the key Chinese market to close for a full week on 15-21 February.