European benzene prices on October 23 were mixed. October prices rose due to higher trading levels for November loading, while the overall November assessment declined amid softer trading throughout the month.
The spot assessment for benzene with delivery within 5–30 days stood at USD 1,387.25/mt CIF Amsterdam-Rotterdam-Antwerp (ARA), down USD 16.75/mt day-on-day, reflecting a backwardated structure between October and November.
On the first day of the November contract pricing period, ten spot trades were reported. The last traded prices were:
The volume-weighted average price for these transactions was calculated at USD 1,422.88/mt.
One buyer described the trading activity as cautious, noting relatively low transaction volumes. They observed that many consumers have shifted their focus back to dated cargoes. Demand for gasoline octane blending from naphtha and benzene derivatives has slowed further due to weakening economics. Overall, the CIF ARA benzene benchmark fell by USD 42.25/mt week-on-week.
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