China’s benzene imports drop 25.7% in Jan on weak demand

28 February 2013 02:31  [Source: ICIS news]

SINGAPORE (ICIS)--China’s benzene imports in January dropped by 25.7% month on month because of low domestic downstream demand and higher prices of overseas cargoes, traders said on Thursday.

China imported 47,702 tonnes of benzene in January, at an average price of $1,468/tonne (€1,116/tonne) CFR (cost & freight) China, according to data from China Customs.

The breakdown of import sources from the data showed that 18.9% of benzene cargoes were from Malaysia, while 18.8% of them were from Japan and 18% from South Korea.

China exported 1,740 tonnes of benzene in January, dropped by 39.5% month on month and at an average price of $972/tonne CFR China, according to the data.

All benzene exports went to Taiwan, the data showed.

($1 = €0.76)

By: Helen Han

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