Pure benzene: Cannot decide whether the market will continue soft
From;    Author:Stand originally


The benzene unit go into operation of Asian reforming manufacturer and splitting decomposition manufacturer leads majority to did not move with full power. Allegedly reforming manufacturer will carry low start working rate, because product value is fast,drop. Same, the factory of naphtha splitting decomposition of whole area is having production in use LPG allegedly, this brings about aromatic hydrocarbon crop to drop. The productivity that estimates Korea and business of day this factory is in 80-90% , still will reduce further, because toluene and mixture xylene market are small,confuse.

All elements on put together, future goes 9 weeks situation is unidentified. A few people think benzene price will go soft further, because crude price will go low, and the market of benzene of fatigued and weak trend that another some of person thinks to compare market of other aromatic hydrocarbon is relatively stable.

Northeast inferior, zhou Wuya continent benzene rises in price 5-10 dollar / ton, to 1115-1130 dollar / ton (FOB Korea) , because benzene of eve United States is mixed,case of steam oil price rises thereby this market is received prop up. This week crude oil goes low continuously, this makes this week takes benzene market low 10-50 dollar, to 1, 100-1, 130 dollars / ton (FOB Korea) .

Asian market trades still low fan, because crude price goes low distributors continuously,mix buy the home to support cautious attitude. Allegedly two boats shipment parted in November at Zhou Si, week 5 reach, the price is 1100 dollars / ton (FOB Korea) with 1125 dollars / ton (FOB Korea) .

Limits of price of Zhou Si negotiation is allegedly narrow. In October shipment, quote majority is 1130-1145 dollar / ton (FOB Korea) , and give value 1124-11258 dollar is allegedly at the beginning of this week / ton (FOB Korea) . To this week metaphase, shipment gave valence to glide allegedly in October for 1110-1120 dollar / ton (FOB Korea) .

Zhou Wu, the price negotiation of shipment is finite in October, allegedly quote is 1133 dollars / ton (FOB Korea) , sailing date issued half moon in October.

The ask of CFR freight dish finite, allegedly at the beginning of this week a quote of shipment was 1125 dollars in October / ton (CFR Taiwan) . Buy intent price to be 1060 dollars / ton (CFR Taiwan) . Large terminal user expresses one Taiwan, its plan to buy a few October shipment, but at present crude oil and aromatic hydrocarbon price go soft, await the price to go low further consequently.

Estimation of price of Zhou Wu negotiation is 1110-1135 dollar / ton (CFR is northeast inferior) , this week negotiation price is 1080-1135 dollar / ton (CFR is northeast inferior) .

Southeast Asia, trade finite, estimation of price of Zhou Wu negotiation is 1115-1130 dollar / ton (FOB southeast Asia) , dollar of this Zhou Wei 1100-1130 / ton (FOB southeast Asia) .

The manufacturer acknowledges this Zhou Yitai state work off 3000 tons in October book of end shipment mark, but the price did not disclose. The firm that a few trafficker represent this contract may be in its produce the new plant that in September end starts this freight. But this message affirms without this manufacturer.
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