Tuesday (March 20), crude oil prices continued to go down, market price stabilized in other Asian countries, but slightly declined by mid-session, the general atmosphere of negotiations was dull. Supported by high price from Refinery, prices in domestic market stayed high.
Asian Market: Monday, market closing prices of pure benzene were at US $1000-1005 per ton, FOB Korea, 5 dollars lower than the previous trading day. Market price gave small adjustment; actual transactions were in poor condition.
The domestic market: prices in other Asian markets weakened, supply in domestic market was limited, driven by high refinery price, domestic market prices stayed high. Prices stood as follows:
East China - 9300-9400 yuan per ton
South China - 9300-9400 yuan per ton
North China - 9300-9400 yuan per ton
Factors and market trend: crude oil price tossed lower, Asian pure benzene market prices continued consolidation. Market temper was dim. It was reported that domestic refineries would lower prices.
Pure benzene prices in external markets are expected to consolidate, while domestic market is expected to pose a downtrend in steadiness.
Complete price quotations here.
Fibre2fashion, News Desk - China
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