In the Asian markets, benzene was up by US $11 per ton from the previous day's closing to touch $1051-1054 / ton (FOB Korea). China's domestic benzene market too rose up on Tuesday and trade volume was as usual.
In the Chinese market, prices in East China rose to 8,200 Yuan per ton, in South China it reached 7,750-7,850 Yuan per ton and in North China it closed at 7,750-7,850 Yuan per ton.
According to analysts, benzene prices in the Chinese domestic market are moving higher due to the impact of increasing international oil prices, along with which traders are also cautious.
Negotiation atmosphere in the market is plain and trade volume has not yet enlarged. Market participants expect that the Chinese domestic benzene market will still see upward space in short term.
Fibre2fashion News Desk - China