China benzene imports decline by 17.8% in Dec on high prices

25 January 2013 08:50  [Source: ICIS news]

SINGAPORE (ICIS)--China’s benzene imports in December fell by 17.8% month on month because of higher prices of foreign cargoes compared with domestic benzene price amid relatively weak domestic demand, traders said on Friday.

China imported 64,212 tonnes of benzene in December, at an average price of $1,348/tonne (€1,011/tonne) CFR (cost & freight), according to data from China Customs.

The breakdown of import sources from the data showed that 49.8% of benzene cargoes were from South Korea, while 18.5% of them were from Japan and 13.5% from Thailand.

China exported 4,333 tonnes of benzene in December, an increase of  84 tonnes month on month and at an average price of $978/tonne, (inco terms pls like CFR FOB or what) according to the data.

All benzene exports went to Taiwan, the data showed.

By: Helen Han

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