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Domestic pure benzene market to stay stable
29
May '08
Crude oil prices were at high end, domestic pure benzene market sentiment was stable and market negotiations as well as trade volume were fair on Wednesday, May 28.

Asian markets were impacted by downward adjustment of upstream market and the US market. Pure benzene rates FOB Korea closed in the range of US $1323.00-1324.00 per ton, down sharply by $15.25. Southeast Asia closed at $1311.00-1312.00 per ton.

China's domestic pure benzene market price was stable, at 9900-9950 yuan per ton in East China, at 9950-10000 yuan per ton in South China and at 9850-9900 yuan per ton in North China.

Key factor for this firm trend is that the crude oil price is at high level and Asian markets outside China are dull. China's market price of pure benzene is basically stable and market demand is fair. It is expected that domestic market will mainly remain stable and show only minor changes.

Fibre2fashion News Desk - China

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