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Pure benzene market likely to show stability
18
Jan '08
Wednesday (January 16), crude oil price fell, bargaining price of pure benzene in Asia was lower, China's domestic market sentiment was plain, negotiations and transactions were as usual.

Due to stock pressures in Asian markets and the absence of terminal buyers, pure benzene market sentiment on Wednesday was hard to improve, FOB in South Korea closed slightly up US $2 per metric ton to $989-990 per ton.

Tuesday night the market completed dealings for late February shipment at $990 per metric ton, FOB, and arbitrary shipment in March at $1,000 per metric ton.

Wednesday morning, offers for February shipment was limited within $960 per metric ton. Trading range of SK and Shell were at $990 per metric ton FOB and $ 1,005 per metric ton, respectively, but no trade report.

Prices in domestic pure benzene market were stable. Market prices in East China were 8450-8550 yuan per ton, 8500-8600 yuan per ton in South China, and market prices were 8700-8800 yuan per ton in North China.

Overall crude oil price fell, China's domestic pure benzene market prices are stable, negotiations are limited, and traders expect domestic pure benzene market to mainly remain steady.

Fibre2fashion, News Desk - China

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