China's Sinopec June average benzene list price falls CNY720/tonne

25 June 2012 09:11  [Source: ICIS news]

SINGAPORE (ICIS)--China's Sinopec has settled its June benzene average list price in east China at yuan (CNY) 7,813/tonne ($1,227/tonne) EXW (ex-works), down by CNY720/tonne from its May average list price, a company source said on Monday.

The major producer’s average monthly list price for June was calculated from benzene spot prices from 26 May to 25 June, the source added.

Sinopec’s average list price for May was at CNY8,533/tonne, according to a source at the company's sales office in east China.

“We lowered our [list price] offers by CNY300/tonne to CNY7,500/tonne EXW east China on 14 June on the back of weak downstream demand,” the source said.

($1 = CNY6.37)


By: Crystal Zhao



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index