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Sinopec reduces prices on benzene offers
19
May '11
The Chinese domestic pure benzene market appeared pale amid steadiness yesterday, and discussion atmosphere was light.

Market price in Eastern China ranged between 8,000-8,100 Yuan / ton, market price in South China performed 8,100-8,200 Yuan / ton and mainstream price in North China was marked between 8,000-8,100 Yuan / ton.

East China branch of Sinopec cut its benzene offer by 200 Yuan / ton. Due to this, the unified implementation pricing level of Shanghai Petrochemical, Yangzi Petrochemical, Zhenhai Refining & Chemical was 8,200 Yuan / ton.

South China Branch of Sinopec too reduced its listing price by 200 Yuan / ton, the unified ex-factory price to be implemented by Guangzhou Petrochemical and Maoming Petrochemical was 8,200 Yuan / ton on the very day.

North China Branch of Sinopec also cut its factory price by 200 Yuan / ton and unified implementation level of Tianjin Petrochemical, Shijiazhuang Refinery, Qilu Petrochemical and Qingdao refinery was 8,160 Yuan / ton.

Fibre2fashion News Desk - China

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