China benzene imports rise by 91% in October on tight supply

26 November 2012 06:20  [Source: ICIS news]

SINGAPORE (ICIS)--China’s benzene imports in October increased by 91% month on month because of limited local supply amid an optimistic outlook of the domestic benzene market and high domestic benzene prices, traders said on Monday.

China imported 76,304 tonnes of benzene in October, up by 91% month on month, at an average price of $1,265/tonne (€974/tonne), according to data from China Customs.

The breakdown of import sources from the data showed that 61.6% of benzene cargoes were from South Korea, while 22.7% of them were from Japan and 15.7% were from Taiwan, the data showed.

China exported 8,822 tonnes of benzene in October, an increase of 7,546 tonnes month on month, at an average price of $1,131/tonne, according to the data.

The data showed that all the exports went into Taiwan.

($1 = €0.77)


By: Helen Han



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