Crude oil price moved higher, Asian market was relatively dull, China's domestic market of pure benzene saw plain sentiment, and trade talks were moderate on Wednesday, December 26.
Pure benzene market in Asia followed key markets of the US to climb US $4 per ton, and closed at around $1000.2-1001.25 per ton for FOB Korea. January shipment of US pure benzene was quoted at 342.75-343.25 cents per gallon ($1,025.85-1,027.35 per metric tons) FOB USGC, mainly influenced by aromatics device failure of Lake Charles at Citgo, which was expected to last for 30 days, thus causing tight supply in market.
Domestic pure benzene price market was stable. In East China, market price was at 8450-8550 yuan per ton, In South China, market price was at 8500-8600 yuan per ton, and in North China, market price was at 8500-8600 yuan per ton.
Factors most likely to affect market trend include the wavering crude oil prices, dull overseas market, relatively high inventory in domestic markets and limited transactions, which will back the stability in pure benzene market.
Fibre2fashion, News Desk - China
marketing@alchempro.com
