China's domestic pure benzene market remained stable on Wednesday, discussion atmosphere, however, looked dull. Benzene list price of Northwest Marketing Company under China National Petroleum Corporation (CNPC) registered an increase.
Ex-factory price of Dushanzi Petrochemical and Urumqi Petrochemical rose 400 Yuan to 7400 Yuan / ton in east China and ex-factory price rose 400 Yuan to 7600 Yuan / ton in southwest China.
Sales price of Lanzhou Petrochemical rose 200 Yuan to 7500 Yuan / ton in east China, sales price rose 300 Yuan to 7800 Yuan/ ton in Southwest China and sales price of Qingyang Petrochemical rose 300-400 Yuan to 7200-7500 Yuan / ton. Recently, the supply for sales was also small.
Asian benzene registered an increase of US $13 from the previous trading day to close at $1164-1167 / ton (FOB Korea) on February 15.
Chinese Benzene market was strong, market price in eastern China ranged between 8300-8400 Yuan / ton, price in South China hovered between 8200-8300 Yuan / ton and mainstream price in North China remained between 8300-8400 Yuan / ton.
China's domestic pure benzene market was stable and trended firmer, because of the increased prices from domestic refineries, but downstream sector showed strong wait-and-watch policy.
Market activity was not vigorous. Market players expected that short-term market conditions of domestic benzene might turn positive amid correction.
Fibre2fashion News Desk - China