China’s benzene imports rise by 4% in August on tight supply

26 September 2012 04:17  [Source: ICIS news]

SINGAPORE (ICIS)--China’s benzene imports in August increased by 4% month on month because of limited local supply amid an optimistic outlook of the domestic benzene market, traders said on Wednesday.

Domestic supply was tight as a result of recent plant shutdowns and production cuts, which may cause prices to firm in the near future, traders added.

China imported 12,023 tonnes of benzene in August, up by 4% month on month, at an average price of $1,177/tonne (€906/tonne), according to data from China Customs.

The breakdown of import sources from the data showed that 49.9% of benzene cargoes were from South Korea, while 26.2% of them were from Thailand and 23.9% from Japan.

China exported 6,567 tonnes of benzene in August, rise by 1,579 tonnes month on month and at an average price of $991/tonne, according to the data.

The breakdown of export destinations from the data showed that 56.1% of benzene were exported to Taiwan, while 43.8% were exported to South Korea.

($1 = €0.77)


By: Helen Han



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