14 March 2012 06:38 [Source: ICIS news]
By Crystal Zhao
Benzene supply in east
On Wednesday morning, offers for spot benzene were at yuan (CNY) 8,550-8,600/tonne ($1,350-1,359/tonne) ex-tank in east
Current prices are on average CNY125/tonne higher, or up 1.5%, from the start of March, according to Chemease, and ICIS service in
“The prices in the near future are likely to stay firm, in light of limited supply,” a market player said.
Among the companies that shut aromatics production in eastern
ZRCC’s No 1 aromatics unit at
At Sinopec Shanghai Petrochemical’s aromatics facility that can produce 270,000 tonnes/year of benzene, a 30-day maintenance is also underway since end-February, said a company source.
Gaoqiao Petrochemical, meanwhile, restarted its aromatics unit with a 30,000 tonne/year benzene capacity in early March after a 30-day turnaround.
Benzene demand is
Buyers in downstream sectors – including styrene monomer, phenol, caprolactam (capro) and acrylic acid (AA), methyl di-p-phenylene isocyanate (MDI) – remain cautious about procuring feedstock for production given overall weakness in demand for end-products, industry sources said.
($1 = CNY6.33)
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