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Asian benzene prices dip on Wed
03
Mar '11
The Chinese domestic pure benzene market prices were stable on Wednesday. However, negotiation atmosphere appeared dull.

In the Asian markets, benzene fell US $4 from the previous trading day to close at $1177-1180 / ton (FOB Korea) on March 1.

In China, market prices in East China marked 8450-8450 Yuan / ton, prices in South China stood at 8400-8500 Yuan / ton and in North China quotes were around 8200-8300 Yuan / ton.

Lower prices of international crude oil and overseas offers had a certain impact on Chinese domestic market. Procurement of downstream users was limited.

Market participants expect that short-term market conditions of Chinese benzene may maintain high-level consolidation.

Fibre2fashion News Desk

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