04 May 2007 04:58 [Source: ICIS news]
By Mahua Mitra
SINGAPORE (ICIS news)--Key Asian aromatics markets are expected to firm after the week-long Labour Day holidays ending Monday due to downstream demand, except toluene which may be stable, traders and suppliers said on Friday.
Domestic prices of benzene in ?xml:namespace>
“Crude and gasoline prices should begin to firm towards the
In the SM market, prices are expected to remain firm from next week as buoyant energy and benzene numbers would sustain prices of the monomer, traders said.
A recovery in downstream styrenic plastics demand would boost consumption of SM as well, they said.
“Styrenics demand typically spikes during the manufacturing season in
Typically, demand for polystyrene (PS), expandable polystyrene (EPS) and acrylonitrile-butadiene-styrene (ABS) resins would increase from late May when the Chinese market enters the traditional manufacturing season.
The peak season usually lasts until October.
Firm demand from solvent end-users in
Solvent grade xylene selling ideas this week were above $900/tonne FOB
“Two of the major producers in
Bullish isomer grade prices in
Isomer grade prices have jumped around $150/tonne in the past two weeks to $1,100-1,115/tonne FOB
But toluene was likely to remain stable in the key Chinese markets, said traders, adding that this was softer than the firm trend seen in the FOB
Traders and suppliers were hopeful that demand would improve from the downstream buyers in
Before the start of holidays, sellers in eastern
Toluene prices in the eastern
Despite this bearish influence, FOB
“It would take a month or two for the inventories to come down in
Traditionally, toluene prices are known to run up ahead of the summer driving season when gasoline demand spikes in the
Clive Ong and Chuan Ong contributed to this article.
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