Chinese domestic benzene market consolidates

China’s domestic benzene market consolidated amid slight fluctuation on Wednesday, spot supply gradually increased, holders relaxed their mentality, market gravity appeared instable, demand from downstream manufacturers were still at low level, most traders held wait-and-see attitude in the market.

 

China's domestic benzene market consolidated amid slight fluctuation on Wednesday, spot supply gradually increased, holders relaxed their mentality, #

In East China, buying atmosphere from downstream sector was lighter in the benzene market, offers from traders were unchanged, market reference price was about 10,650 Yuan / ton, operation of downstream manufacturers was limited, and they purchased small quantity in accordance to demand due to cost impact. 

 

China's domestic benzene market consolidated amid slight fluctuation on Wednesday, spot supply gradually increased, holders relaxed their mentality, #

In North China, spot supply gradually increased, traders intended to make more shipment, their price gravity was at low level, market reference price was about 10,650 Yuan / ton, downstream buyers showed negative buying attitude, overall trading atmosphere appeared lighter.

 

China's domestic benzene market consolidated amid slight fluctuation on Wednesday, spot supply gradually increased, holders relaxed their mentality, #

As pure benzene market continues on a high-level movement, losses of downstream manufacturers increase due to high cost, so downstream manufacturers have to reduce operation and shrink their demand, resulting in insufficient demand for pure benzene.

 

China's domestic benzene market consolidated amid slight fluctuation on Wednesday, spot supply gradually increased, holders relaxed their mentality, #

Also international crude oil price have returned to US $90 levels, so overall market shows a wait-and-see attitude. Pure benzene market is expected to maintain quiet consolidation and sluggish pattern in the short term, as downstream demand remains in the downturn.

 

China's domestic benzene market consolidated amid slight fluctuation on Wednesday, spot supply gradually increased, holders relaxed their mentality, #