China’s Sinopec cuts domestic benzene prices ahead of Lunar New Year
Tina Zhang
09-Feb-2018
SINGAPORE (ICIS)–Sinopec on Friday cut its domestic benzene prices by yuan (CNY) 200/tonne, according to a company source.
Sinopec’s ex-work prices of benzene in east, south, north and central China were all dropped to CNY6,900/tonne after the adjustment.
The cut was made as there are fewer deals and discussions in the market ahead of the Lunar New Year holiday.
The drop was also made in tandem with the downtrend seen in the regional benzene market.
Discussion levels for spot benzene in east China dropped to CNY6,900-6,950/tonne on 8 February from CNY7,000-7,100/tonne on 9 February, according to ICIS data.
ICN
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
