Last week, the factory prices from some domestic pure benzene manufacturers were stable, of which, Sinopec Shanghai branch and Guangzhou branch offers maintained at 9300 yuan per ton, while Sinopec Beijing Branch quoted at 9,200 yuan per ton.
Among Sinopec system, oil refineries in Northeast and Northwest still had spot pure benzene for shipment. Factory prices mostly concentrated around 8400-8500 yuan per ton, and mainly delivered to Eastern and Northern China. Recently, Asian pure benzene market showed a bullish trend, but in China, supply in domestic market was relatively abundant. So manufacturers usually wanted to maintain the current price level.
Last week, domestic spot market of pure benzene remained stable; overall trading climate in the market was nothing unusual. As of Thursday settlement, quotations in East China market ranged around 9250-9300 yuan per ton, in North China market. Quotations were focused in 9250-9300 yuan per ton in terms of delivery to buyer.
Among them, in East China, overall volume of spot pure benzene in cash market was small, demand from the factories of lower reaches was poor, and overall market faced difficulties in making deals.
Complete price quotations here.
Fibre2fashion, News Desk - China
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