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Pure benzene market to maintain stability

27
Mar '08
Crude oil prices headed into correction, on Wednesday, March 26, and Asian markets outside China performed fairly. Pure benzene turnover in domestic market remained stable; at the same time trade volume and negotiations were average.

Scenario in the Asia Markets: here pure benzene further climbed by US $6.5 on Wednesday, FOB Korea closed at $1081.50-1082.50 per ton, supported by continuous rise of gasoline futures and US pure benzene. Pure benzene markets in Asia are facing great pressure; April inventories are higher.

In the domestic front: pure benzene prices kept stability; East China market price was at 9100-9150 yuan per ton, South China price was at 9050-9100 yuan per ton and in the Northern region benzene could be purchased at 9100-9150 yuan per ton.

Factors that influence the market trend: crude oil price sinks into correction, sentiment in domestic region is flat, market demands are moderate, and traders expect that pure benzene market will be steady in coming time.

Fibre2fashion News Desk - China


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