JXTG Nippon Asia Benzene Contract - Arhive

JXTG Nippon Asia Benzene Contract

JXTG Nippon Oil nominated Asia’s November benzene contract price at USD55 per tonne below October

JXTG Nippon Asia Benzene Contract

MOSCOW – JXTG Nippon Oil & Energy (part of the Nippon Oil Corporation), a major producer of petrochemicals in Japan, nominated the November contract price of benzene in Asia at USD55 per tonne lower than in October, thereby setting it is at a mark of USD675 per ton, a source in the company told ICIS .

The price has been approved on delivery terms CFR Asia.

The October contract price for the company’s material was set at USD730 per tonne, which is USD50 per tonne higher than the September contract price of the current year.

JXTG Nippon Oil & Energy plans to finalize the contract price of benzene for Asia at the end of this month.JXTG Nippon Asia Benzene Contract

Benzene is a raw material for the production of styrene, which, in turn, is the main raw material component for the production of polystyrene (PS).

According to the ICIS-MRC Price Survey , according to a combination of factors, it is most likely that the current prices of Russian substations will remain in the next month if there is a slight deficit, on the one hand, and lowering pressure from the European market, on the other.

Nippon Oil Corporation is Japan’s largest oil company. Its activities include the exploration, import and refining of crude oil; production and sale of petroleum products (ethylene, propylene, butadiene, styrene, paraxylene, orthoxylene, etc.), including fuels and lubricants. In recent years, the company has expanded its production facilities in other countries. Its products are sold under the ENEOS brand.



Margarita Volkova

JXTG Nippon Oil Asia Benzene