PetroChina cuts east China benzene list price by CNY300/tonne

Author: Ran Cheng


SINGAPORE (ICIS)--PetroChina cut its benzene list price for east China on Thursday by yuan (CNY) 300/tonne ($43/tonne) to CNY6,000/tonne, a company source said.

The new list price on an ex-works basis has an import parity of $736/tonne CFR (cost & freight) China, LC (letters of credit) at sight, or around $745/tonne CFR China, LC 90 days.

Spot benzene prices in China were being dragged down by weakness in downstream styrene monomer (SM) market.

($1 = CNY6.92)