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China's benzene market subdued on Wednesday
17
Nov '11
The benzene market in China appeared subdued on Wednesday with sellers reluctant to sell at lower prices. In East China, market transactions took place in the price range of 7550-7600 yuan/ton, while in South China the price was around 7500-7600 yuan/ton and in North China the price was around 7500-7550 yuan/ton.

There was limited supply in the market. The downstream sector showed moderate buying interest and the market lacked large orders. In the short term, the market is expected to show a slight upward trend.

The Northwest Brand of China National Petroleum has officially increased its listing price of benzene by 50 yuan/ton. The ex-factory price of Dushanzi and Urumqi Petrochemical for pure benzene in East China was 6500 yuan/ton, while the ex-factory price of Lanzhou Petrochemical was 6850 yuan/ton.

Fibre2fashion News Desk - China

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