Sinopec settles avg April benzene list price CNY91/tonne lower

26 April 2012 10:16  [Source: ICIS news]

SINGAPORE (ICIS)--Sinopec has settled its benzene list price for April in eastern China at yuan (CNY) 8,568/tonne ($1,358/tonne), down by CNY91/tonne from March, a company source said late on Wednesday.

The price on an ex-works (EXW) basis is calculated from the spot prices of benzene on 26 March to 25 April, and will apply to contract cargoes, the source said.

Sinopec’s list price for March was CNY8,659/tonne.

Benzene prices in China have fallen because of soft demand, market sources said.

($1 = CNY6.31)

By: Crystal Zhao

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