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Domestic benzene market appears light & stable
16
Jun '11
Chinese market conditions of domestic benzene were light and stable on Wednesday, negotiation atmosphere looked deserted.

In Asian market, benzene rose US $7 per ton from the previous day to close at US $1,089-1,092 / ton (FOB Korea).

In Chinese market, market price in East China ranged between 7,650-7,650 Yuan / ton, market price in South China stood at 7,700-7,800 Yuan / ton and mainstream offer in North China was quoted at 7,650-7,650 Yuan / ton.

The rise of international oil prices and overseas offers had little effect on domestic benzene market. Pure benzene market still performed light and stable, operating rate of downstream sector was not high, demand was still sluggish, trading volume was not ideal.

Market participants expect that Chinese domestic market will still be based on weak consolidation mainly in the short term.

Fibre2fashion News Desk

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