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Domestic pure benzene market remain stable
20
Mar '08
This Wednesday, on March 19, crude oil price consolidated at high level, Asian market atmosphere outside China was stable, and domestic pure benzene market remained steady as market negotiations were moderate.

In the Asian region, effected by rebound close of pure benzene market in United States on Tuesday, FOB Korean benchmark price pull backed US $6.50 to $1092.50 per ton on Wednesday, and closed the day at $1092-1093 per ton.

In trading area, Flint Hill offered pure benzene at $1095 per ton FOB, for shipment in late April, but no transaction concluded.

In the domestic grounds, prices of pure benzene market were stable. In the Eastern China, market price was at 9000-9100 yuan per ton, Southern Chinese market price was at 9050-9100 yuan per ton, and in the Northern region, prices stood at 9000-9100 yuan per ton.

Talking about the factors that influence the market trend, crude oil prices are high, trade volume of Asian market outside China is common, market turnover is limited, industrial people expect that domestic pure benzene market will mainly remain stable for short term.

Fibre2fashion News Desk - China

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