24 November 2011 07:02 [Source: ICIS news]
SINGAPORE (ICIS)--Benzene demand in east China decreased by almost 40,000 tonnes in the middle of November as some downstream producers shut down their units for planned maintenance, benzene producers said on Thursday.
Yantai Wanhua Polyurethanes shut down its aniline unit at Ningbo in Zhejiang province for two months from the middle of November, a company source said. The aniline unit uses about 320,000 tonnes/year of benzene to produce 360,000 tonnes/year of aniline, the source added.
The unit uses about 316,000 tonnes/year of benzene to produce 400,000 tonnes/year of SM, a market source said.
Although the benzene demand in east China is weak, the supply is being balanced by Jinling Petrochemical’s shutdown of its aromatics unit at Nanjing in Jiangsu province on Wednesday for 40 days of scheduled maintenance.
The unit produces 150,000 tonnes/year of benzene, according to a source from Sinopec’s east China sales branch.
“The market was little affected by the decreased demand from downstream sectors such as aniline and SM,” a trader said.
East China benzene prices were settled at yuan (CNY) 7,600-7,650/tonne ($1,195-1,203/tonne) ex-tank on 23 November, a slight increase of CNY50/tonne from CNY7,550-7,600/tonne ex-tank on 15 November, according to data from Chemease, an ICIS service in China.
($1 = CNY6.36)
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