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Pure benzene market likely to acquire an ascending trend

01
May '08
In the Asian market, pure benzene market prices on April 29 plunged by US $3, and FOB Korea settled at $1145.25-1146.25 per ton, and in the Northeast Asian market prices stood at $1135.50-1136.50 per ton.

In the domestic region pure benzene market prices remained stable, in East China market price was at 9050-9100 yuan per ton; South China market price stayed at 9050-9100 yuan per ton; in the north part of the region price indicated as 9000-9050 yuan per ton.

Discussing about the factors and the market trend, we can say, crude oil price is in a high level consolidation, Asian markets outside China are pushing high, and an increased trend of negotiation can be observed. Domestic market sentiment is quite stable and traders expect that it will move up amid steady consolidation in recent time.

Fibre2fashion News Desk - China


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