16 August 2012 06:11 [Source: ICIS news]
XI'AN, China (ICIS)--Demand for benzene in ?xml:namespace>
Yang was speaking at the 10th China International BTX Forum 2012 conference which runs from 15-17 August in
“I believe that most of the demand and price fluctuations of benzene seen in the domestic
Downstream demand for benzene in
However, Sinopec is not expected to bring on stream its new benzene unit at
“The timing of the demand is not always in sync with the availability of supply, hence I do not believe that we can deduce immediately that there is a shortage of benzene just by comparing the numbers,” he said.
Yang said that Sinopec as a state-run firm carries a responsibility towards the Chinese market and will take the requirements from downstream sectors very seriously in assessing their price offers.
Sinopec will not favour any particular industry and will still continue to set their prices based on the broad market situation as the leading producer in
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