On February 27, Asian pure benzene market rose slightly by US $2 per ton, FOB closed at $1096-1097 per ton, mainly supported by small hike in the US market on Tuesday.
Although delayed delivery fees for April and May are at 5 cts per gallon and 11 cts per gallon in the US, currently Asian businessmen confirm that it is still too early to make shipment of pure benzene to US Bay area in April. Most people estimate that April arbitrage trade volume will be less than 1,00,000 tons. Nearly 70,000 tons are expected to be shipped in February and March from South Korea.
In trading area, FOB for random cargo at high-end with April delivery were offered at $1,094 per mt and $1,110 per mt. FOB May cargoes were quoted at $1097-1115 per mt .
Device news, Indonesian company Trans-Pacific Petrochemical Indotama (TPPI) surveys damage condition on Wednesday, as Tuban port closed, so its aromatics device still shuts up.
Fibre2fashion News Desk - China
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