Early this week, factory prices of major domestic pure benzene manufacturers remained stable. Among them, Sinopec Shanghai, Guangzhou branch offered at 9,000 yuan per ton, the implementation price of refineries of Sinopec Beijing branch was at 9000 yuan per ton, but the implementation price of Qilu Petrochemical was at 9100 yuan per ton.
Overall sales situation was common. Prices of major manufacturers also stayed relatively stable.
As stock held by traders being very limited, trading talks were rarely heard.
Installations of 200,000 tons of benzene hydrogenation devices were done in Sanwei, Shanxi, will be officially put into operation in the near future.
From a general perspective, the overall pattern of domestic market has little changed, as entering winter, the entire demand from lower reaches of styrene, aniline, caprolactam sectors have been relatively weak, domestic pure benzene market is expected to show a bearish trend, not rule out the possibility of a slight pullback if foreign offers obviously decline.
Currently, Europe, the US and Asia seem to have abundant inventories of pure benzene and thus, arbitrage windows in the US and Asia remain closed. Downstream demand of pure benzene demand in Asia looks relatively weak. With such background, Asian pure benzene market is expected to follow a downtrend, and its fluctuations will mainly depend on oil prices.
Complete offer price list here
Fibre2fashion, News Desk - China
marketing@alchempro.com
