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Asian benzene trends fall
14
Jul '11
In the Asian market, benzene fell US $12 from the previous day to close at US $1099-1102 / ton (FOB Korea) on July 13.

The Chinese domestic benzene market, conditions were light amid steadiness on Wednesday, discussion atmosphere looked deserted.

Benzene market price ranged 7800-7900 Yuan / ton in East China, stood at 7600-7700 Yuan / ton in South China and mainstream offers marked 7700-7750 Yuan / ton in North China.

Domestic benzene market conditions were light amid steadiness, due to the strong rise of international crude oil price.

Some cargo holders became reluctant sellers, offers were light, operating rate of downstream factories was limited, discussion atmosphere appeared dull, and market turnover was flat.

Market participants expect that short-term market conditions of domestic benzene are likely to continue in a consolidation pattern.

Fibre2fashion News Desk

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