Sinopec hikes benzene prices

24 Feb '11

1 min read

China's domestic pure benzene market was stable on Wednesday, discussion atmosphere was dull.

East China branch of Sinopec raised its benzene offer by 300 Yuan / ton. The uniform implementation level of Shanghai Petrochemical, Yangzi Petrochemical, Zhenhai Refining & Chemical was 8,700 Yuan / ton.

South China Sales Branch of Sinopec too increased its benzene offer by 300 Yuan / ton, the uniform implementation level of Guangzhou Petrochemical and Maoming petrochemical was 8400 Yuan / ton with immediate effect.

North China Branch of Sinopec raised its benzene offer by 300 Yuan / ton, the uniform implementation level of Tianjin Petrochemical, Shijiazhuang Refinery, Qilu Petrochemical and Qingdao refinery was 8700 Yuan / ton.

Central Branch of Sinopec raised its list price of benzene by 300 Yuan/ ton, starting from February 24, current ex-factory price of Wuhan Petrochemical, Changling Petrochemical, Luoyang Petrochemical, Jinmeng Petrochemical and Zhongyuan Ethylene was 8400 Yuan / ton.

List price of Northwest Marketing Company under China National Petroleum Corporation (CNPC) rose by 300 Yuan/ ton for benzene supply to outside users to 8550 Yuan / ton with immediate effect on the day. However, supply was scarce.

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